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Rupiah Falters Amid Thin Local Headline Flow

IDR

Spot USD/IDR last trades +34 figs at IDR14,837, with domestic headline flow providing little of real note. Further gains past Jun 22 high of IDR14,873 would revive broader bullish momentum, while bears seek a dip through Jun 21 low of IDR14,784.

  • USD/IDR 1-month NDF last +29 figs at IDR14,845. Topside focus falls on Jun 22 high of IDR14,896, while bears would be pleased by a fall through Jun 27 low of IDR14,788.
  • MYR/IDR last seen +12 figs at IDR3,372, challenging its 100-DMA again. A sustained break above this moving average would suggest that bullish momentum is picking up.
  • Looking ahead, the main point of note this week is CPI report, due for release on Friday.

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