Coronavirus has yet again prompted.......>

DOLLAR-IDR: Coronavirus has yet again prompted investors to seek safety, with

predictable consequences for USD/Asia. USD/IDR has ridden with that tide, adding

75 pips thus far. Last seen at IDR13,770, the pair is printing best levels in

more than two weeks. BI conducted its triple intervention to limit IDR sell-off.

- Markets have been rattled as the number of Covid-19 cases in South Korea

soared, Japan reported two deaths among passengers of the Diamond Princess

cruiser, while China's LPR fixings "only" matched expectations.

- Pres Jokowi asked local authorities to spend rather than accumulate money to

support the economy, adding that GDP growth of 5.3% is "achievable."

- The key near-term resistance has been defined at IDR13,773, Feb 4 high. With

that level cleared, bulls would look for a breach of the 50-DMA at IDR13,787 to

confirm the resumption of a bullish trend. A fall below trendline support at

IDR13,647 would leave bears focused on the trough of Feb 6 at IDR13,610.

- Bank Indonesia will deliver its MonPol decision today. Analysts are divided on

whether the Bank will cut rates to mitigate the impact of Covid-19. Policymakers

in Thailand & the Philippines opted to shave borrowing costs earlier this month.