Daily Forex Report

MUFG Bank, Jakarta Branch FOREX DAILY REPORT Wednesday, Jan 16, 2019

Major Currencies

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

 

USD/IDR                                                                                          

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)                                                  

 

 

 

TREASURY ADVISORY
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.  

The above information is elaborated from reliable sources and presented without any responsibility of MUFG Bank, Ltd-Jakarta branch

 

 

 

Disclaimer:

__________________________________________________________________________________

This report has been prepared by MUFG Bank, Ltd (the “Bank”), for general distribution. It is only available for distribution under such circumstances as may be permitted by applicable law and is not intended for use by any person in any jurisdiction which restricts the distribution of this report. The Bank and/or any person connected with it may make use of or may act upon the information contained in this report prior to the publication of this report to its customers.

Neither the information nor the opinion expressed herein constitute or are to be construed as an offer or solicitation to buy or sell deposits, securities, futures, options or any other financial products. This report has been prepared solely for informational purpose and does not attempt to address the specific needs, financial situation or investment objectives of any specific recipient. This report is based on information from sources deemed to be reliable but is not guaranteed to be accurate and should not be regarded as a substitute for the exercise of the recipient’s own judgment. This report is based upon the analysts’ own views, therefore does not reflect the Bank’s official views. Historical performance does not guarantee future performance. The Bank and/or its directors, officers, and employees, from time to time, may have interest and/or underwriting commitment in the relevant securities mentioned herein or related instruments and/or may have a position or holding in such securities or related instruments as a result of engaging in such transactions. Furthermore, the Bank may have or have had a relationship with or may provide or have provided corporate finance or other services to any company mentioned herein. All views herein (including any statements and forecasts) are subject to change without notice and none of the Bank, its head office, branches, subsidiaries and affiliates is under any obligation to update this report. The information contained herein has been obtained from sources the Bank believed to be reliable but the Bank does not make any representation or warranty nor accept any responsibility or liability as to its accuracy, timeliness, suitability, completeness or correctness. The Bank, its head office, branches, subsidiaries and affiliates and the information providers accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this report.

The Bank retains copyright to this report and no part of this report may be reproduced or re-distributed without the written permission of the Bank. The Bank expressly prohibits the distribution or re-distribution of this report to Private Customers, via the Internet or otherwise and the Bank, its head office, branches, subsidiaries or affiliates accepts no liability whatsoever to any third parties resulting from such distribution or re-distribution.