USD/IDR has added 92 pips and last.......>

DOLLAR-IDR: USD/IDR has added 92 pips and last trades at IDR14,717. Not much to

rock the boat so far, the rate has likely traded on a lead from yesterday: BI

MonPol decision & broader defensive feel sparked by Sino-U.S. tensions.

- Bank Indonesia cut its policy rate by 25bp during yesterday's meeting, in line

with the exp. of 18/30 economists surveyed by BBG, with 11 analysts looking for

no change. 7/12 economists surveyed by the WSJ expected BI to stand pat.

- Jakarta extended its partial lockdown measures for two more weeks in reaction

to a local spike in new Covid-19 cases. The authorities were planning to lift

remaining restrictions today, but a surge in new infections prompted caution.

- BBG cited an off'l noting that BI was intervening in FX spot market today.

- Bulls eye May 27 high of IDR14,780 for initial resistance and a rally through

there would open up the 100-DMA at IDR14,824. Further gains would bring the

IDR15,000 mark into view. Bears look for a fall through the 50-DMA at IDR14,440,

towards Jul 9 & 14 lows, located at IDR14,355, just below the 200-DMA.

- BI Snr Dep Gov Destry Damayanti will speak on the role of the banking sector

in economic improvement in new normal era later today.