Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

Rupiah Steadies Just Shy Of 50-DMA

IDR

Spot USD/IDR operates within a familiar range, last trades +10 pips at IDR14,032. A firmer push through the 50-DMA/Jan 28 high at IDR14,080/14,099 would give bulls a green light for targeting the 38.2% retracement of the Oct 14 - Jan 4 sell-off/Jan 12 high at IDR14,204/14,205. Conversely, a dip through Jan 22 low of IDR13,993 would open up IDR13,865, the low print of Jan 4.

  • A quick recap: Indonesian CPI inflation slowed to +1.55% Y/Y in Jan from +1.68% prior vs. exp. that it would remain unch. Core CPI slowed to +1.56% Y/Y from +1.60%, roughly in line with projections.
  • Elsewhere, FinMin Indrawati informed that her ministry, Bank Indonesia and the financial services regulator have joint forces and are designing a policy package to boost financing for businesses.
  • Indonesian GDP report for Q4 comes out on Friday, while Danareksa Consumer Confidence will hit the wires at some point during the remainder of this week.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com