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Indonesian Officials To Speak At Forum, Central Bank To Conclude Policy Meeting Thursday

IDR

Spot USD/IDR has shed 15 figs thus far and last changes hands at IDR14,378. Bears look for a dip through the 50-DMA at IDR14,336 before targeting Jan 11 low of IDR14,285. Conversely, a clearance of Jan 31 high of IDR14,420 would bring Dec 6 high of IDR14,447 into view.

  • USD/IDR 1-month NDF rangebound, last at IDR14,394. Bears eye Jan 13 low of IDR14,292 for initial support, while bulls look to a move through Feb 7/Jan 6 highs of IDR14,461/14,470.
  • Some comments from top Indonesian officials may trickle through during the session, as Bank Indonesia Gov Warjiyo, FinMin Indrawati, Health Min Sadikin & Trade Min Lufti speak at Mandiri Investment Forum today.
  • Bank Indonesia will deliver their monetary policy decision on Thursday (our preview is forthcoming), while local data highlights during the remainder of this week include consumer confidence data.
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