Spot USD/IDR creeps higher this morning, last deals +6 figs at IDR14,655. Bulls need to wait for a breach of a fresh cycle high printed yesterday at IDR14,665, but should this come to fruition, they could take aim at Oct 14, 2020 high of IDR14,753. Bears look for a pullback towards May 11 low of IDR14,525.
- USD/IDR 1-month NDF last seen +14 figs at IDR14,674. Topside focus falls on May 16 high of IDR14,772, while bears would be pleased by a retreat under May 11 low of IDR14,516.
- President Widodo announced Tuesday that Indonesia abandons mask mandate in less crowded outside areas and removes testing requirement for fully vaccinated foreign visitors.
- Indonesia's quarterly BoP current account balance will be published on Friday, ahead of next week's monetary policy decision from Bank Indonesia.