Today’s highlight in the Asian market is the reaction on the Brexit plan which had triggered volatility in the sterling yesterday. In fact, as expected, Prime Minister Theresa May’s Brexit plan was defeated by British lawmakers with 432-202. The Pound traded down to $1.2668 from $1.28 against the dollar earlier but then jump back to $1.2895 after the voting. In addition, the vote itself has also initiated 2 scenarios in the market with March Brexit deadline being extended or even no Brexit at all. In addition, a confidence vote on May’s government by lawmakers will be the main focus later tonight.
Expected range USD/JPY for the week ahead: 108.00 – 109.00
The dollar traded higher to 14,160 against the rupiah today, following the dollar’s gain aboard due to the uncertainty on the European economy and Brexit. However, the rupiah then strengthen back to 14,100 before it closed at 14,130 at the end of the day.
Closing market on 16 Jan 2019 Jakarta market at 05:00 pm on 16 Jan 2019
Nikkei : 20442.75 (-112.54) USD/JPY : 108.61 / 108.62
JGB : 0.005 (-0.005) EUR/USD : 1.1410/ 1.1412
JSI : 6413.360 (+4.576) USD/IDR : 14,130
EUR/JPY : 123.95/123.98
Closing market on 15 Jan 2019
DJI : 24065.59 (+155.75)
Ms. Arfilia, Ms. Vina, Ms. Caroline, Ms. Amelia, Ms. Amanda, Mr. Kristian, Ms. Nana, Mr. Rudy, Ms. Evi, Mr. Argo, Ms. Alia, Mr. Dimas, Ms. Natasya, Mr. Topik, Ms. Mirawati.
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