USD/IDR punched through its 200-DMA,.....>

DOLLAR-IDR: USD/IDR punched through its 200-DMA, as the rate remains its recent

topside momentum. It last trades +91 pips at IDR14,468, testing the ceiling of

an ascending channel drawn off this month's low. A break here would open up Jun

2 high of IDR14,485, followed by the 50-DMA, intersecting at IDR14,612. Bears

look for a pullback under the channel floor at IDR14,195 before targeting Jun 26

low of IDR14,105.

- As flagged earlier, part of the pressure on the rupiah this week may have

stemmed from plans for Bank Indonesia to expand its debt monetization programme.

On Monday, FinMin Indrawati revealed that BI and the gov't are close to striking

an agreement, under which the central bank would share a greater burden of

funding important gov't spending schemes.

- Looking ahead, Indonesia's consumer confidence will be published on Monday.