USD/IDR Ticks Away From Monthly Lows In Thin Asia-Pac Trade

Spot USD/IDR has inched higher and reversed yesterday's losses, but remains down on the week, poised to registered its third weekly loss in a row. The pair last deals +16 at IDR13,999, off its worst level in a month printed yesterday.

• Implied USD/IDR 1-month volatility dipped today, printing lowest levels in a year.
• The Indonesian Chamber of Commerce and Industry has been lobbying Pres Jokowi to allow private Covid-19 vaccinations. The organisation's Chairman said that the gov't could allow private inoculations as soon as next week.
• The 50-DMA at IDR14,062 provides the initial bullish target, followed by Jan 28 high of IDR14,099. Conversely, losses past yesterday's low of IDR13,980 would expose Jan 4 cycle low of IDR13,865.
• FinMin Indrawati will appear at a discussion held by Jakarta Foreign Correspondents Club at 16:00 local time.
• Indonesian markets are closed tomorrow. Next week, focus turns to Monday's trade balance, Thursday's monetary policy decision from Bank Indonesia & Friday's BoP current account balance.