USD/IDR has crept higher, threatening....>

DOLLAR-IDR: USD/IDR has crept higher, threatening to break above its 200-DMA,

and last sits +53 pips at IDR14,335. A break above the aforementioned 200-DMA,

intersecting at IDR14,362, would open up Jun 2 high/psychological resistance at

IDR14,485/14,500. Meanwhile, a fall through Jun 26 low of IDR14,105 would expose

channel floor/Jun 18 low at IDR14,046/14,025.

- There has been much talk about potential fallout from Bank Indonesia's debt

monetization plans this week, after FinMin Indrawati said a few days back that

BI could buy IDR397.6tn of sovereign bonds at zero interest to help fund

measures designed to mitigate the coronavirus crisis.

- Indonesian FinMin said that the World Bank upgraded Indonesia to an

upper-middle income country. The classifications are based on GNI per capita.

 Elsewhere, Jakarta extended transition period to a full exit from its partial

lockdown by two weeks yesterday.