Vigilance

USD/IDR has ground higher and last changes hands +33 at IDR14,458. Bulls look for further gains past Mar 19 high of IDR14,470, with bears keeping an eye on the 200-DMA at IDR14,361, followed by Mar 12 low of IDR14,340.

• FinMin Indrawati told a forum hosted by Fitch Ratings that Indonesia will remain "very vigilant" of the potential impact of the Fed's policy and inflation outlook, USD appreciation and outflows from EMs.
• Indonesian Industry Ministry said it's expanding stimulus for car sales and eased tax for cars with engine capacity between 1,500 cc and 2,500 cc.
• The UAE pledged to inject $10bn to Indonesia's new sovereign wealth fund, outweighing commitments from other large investors such as Japan, Canada and the U.S.
• The local docket is empty during the remainder of this week. Focus next week turns to Markit M'fing PMI & CPI report.