USD/IDR Holding Just Below 15300, BI Briefing On New Facility On Tap Today

USD/IDR is relatively steady in early trade today, last at15295, which was the same closing level from Friday last week. Lows from last Thursday rest near 15240, while recent highs are around the 15360 level. The simple 200-day MA is back closer to 15207.

• Coming up at 10am local time (around 30mins from now) is a BI briefing on its new money market rupiah facility to attract fund inflows and help boost IDR sentiment.
• This was announced at last week's policy decision, where rates were left on hold (see this link for more details).
• Elsewhere, portfolio flows remain a headwind. Bond outflows of -$323.9mn mid last week, while last week saw -$176.7mn in offshore equity outflows.
• Cross asset signals are mixed, with broader equity sentiment more positive, but US real yields only a touch off recent highs (+192bps for the 10yr).
• The local data calendar is quiet until Friday when August CPI prints, along with the PMI.