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Treading Water

IDR

Spot USD/IDR deals at IDR14,367, barely changed on the day. Bulls seek a breach of IDR14,380, which capped gains on Mar 24. Above there opens IDR14,415, the high print of Mar 7. Bears need a slide through Mar 30 low of IDR14,325 before taking aim at Mar 17 low of IDR14,275.

  • USD/IDR 1-month NDF last -7 figs at IDR14,371, with bears keeping an eye on Mar 30 low of IDR14,329. Bulls look to a jump above Mar 23 high of IDR14,396.
  • Finance Ministry's head of fiscal policy holds a briefing on macroeconomic updates this morning.
  • Indonesia's consumer confidence data is expected this week.

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