USD/MYR operates -157 pips at............>

DOLLAR-MYR: USD/MYR operates -157 pips at MYR4.2645 at typing. Malaysian PM

Muhyiddin will unveil a short-term stimulus package at 15:00 local time. His

appearance will be aired on local TV channels.

- Meanwhile, Muhyiddin has got some other things on his mind now as Malaysia is

getting closer to plunging into political turmoil again. The PM sacked a couple

of allies of his predecessor Mahathir from top party positions, while a Dep

Works Min loyal to Mahathir quit the cabinet. It remains unclear whether

Muhyiddin's gov't still commands the majority of seats in parliament.

- Losses past the 100-DMA at MYR4.2550, Jun 3 low/50% retracement of the Jan 20

- Mar 24 bull mkt at MYR4.2505/02 & Mar 27 low of MYR4.2470 would reinstate

broader bearish momentum. On the flip side, a jump above Jun 4 high of MYR4.2802

would turn focus to Apr 30 low of MYR4.2890.

- Malaysia reports its foreign reserves later today. Looking further afield,

local industrial output & m'fing sales value is due Thursday.