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Bank Indonesia Up


Spot USD/IDR trades -14 figs at IDR14,229 as we type, with downside focus falling on Nov 15 low of IDR14,190. Losses past that level would bring Oct 29 low of IDR14,150 into view. Bulls look for a jump above Nov 11 high of IDR14,305, which would bring Nov 5 high of IDR14,390 into play.

  • USD/IDR 1-month NDF last -4 figs at IDR14,267. Bears eye Nov 15 low of IDR14,194 for initial support, while bulls set their sights on Nov 11 high of IDR14,357.
  • Bank Indonesia conclude their monetary policy meeting today, but are widely expected to leave monetary policy settings unchanged.
  • Looking further afield, Indonesia's BoP current account balance will hit the wires tomorrow.

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