Rupiah Firms At Re-Open, Indonesian Consumer Confidence Little Changed

Spot USD/IDR trades -32 figs at IDR14,326, after taking a hit at the re-open, owing to post-NFP greenback weakness. Bears look for losses past the 50-DMA at IDR14,300 towards the 100-DMA at IDR14,271. Conversely, a rebound above Jan 6/Dec 21 highs of IDR14,399/14,400 would support the bullish case.

• USD/IDR 1-month NDF last -13 figs at IDR14,354. Bears need a fall through the 50-DMA at IDR14,341 before taking aim at the 100-DMA at IDR14,310. Bulls look for a jump above Jan 6 high of IDR14,470.
• Bank Indonesia's Consumer Confidence Index printed at 118.3 in December, little changed from the prior reading of 118.5. We are still awaiting the release of Danareksa Research Institute's survey.
• Investment Min Luhut told Kompas that the domestic coal supply crisis is over and the gov't will review its ban on coal exports. Meanwhile, the Philippines urged Jakarta to lift the ban, as it exerts a negative impact on economies that rely on coal-powered energy production.