Forex - Indonesia Flows: USD/IDR slips below 13600


 02:15 (GMT) 15 Feb

  [Forex Flows]

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Indonesia Flows: USD/IDR slips below 13600 (0100-XKCB-C01)

USD/IDR onshore spot gapped lower to open at 13580 on Thursday vs. last close of 13629 as dollar weakened overnight despite strong US CPI as the retail sales plunged. Equity gains in Asia and a fresh surge in oil prices also kept the upside capped, and pair printed a low of 13558 in early trading. The key 13650 may continue to see risk, but we do not see a firm break above, and no risk is seen to the strong resistance at 13700 as some Asian markets being the LNY holidays. 1M NDFs meanwhile recovered from overnight low to 13651 before another plunge lower to 13562 at last look. JKSE last seen up by nearly 0.2%.


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