Daily Forex Report

MUFG Bank, Jakarta Branch FOREX DAILY REPORT Tuesday, Dec 11, 2018

Major Currencies

Markets were mixed on Tuesday in narrow trading as concern whether the US and China can manage to resolve their discussion of the roadmap for the next stage of their trade talks. The USDJPY pair traded with a mild negative bias and eroded a part of the previous session’s strong JPY upsurge to near one week high. A good demand of US Dollar, boosted by the latest Brexit which led selling in the British Pound. UK PM May has delayed a highly anticipated vote on the exit deal, which she agreed with the European Union. The renewed uncertainty push the British Pound down to its lowest level since 2017 and weighed over the risky asset. Market will eye on today’s release of US Nov PPI figure.

USD/IDR

As seen some selling in bonds and stock underpin by risk aversion, the pair was opened higher at 14,600. During the day, the pair then traded higher, suspected the move of some market in rush to hedge which shown the higher corporate USD demand. The bonds yield higher about 10 to 15 bps and the JKSE show of negative 0.57%. The pair then closed back at 14610.

 

 

Closing market on 11 Dec 2018                     Jakarta market at 16.15 pm on 11 Dec 2018

Nikkei : 21148.02       (-71.48)                       USD/JPY  : 113.07 / 113.10

JGB     : 0.045            (+0.010)                      EUR/USD : 1.1375 / 1.1378

JSI       : 6,076.587      (-34.773)                    USD/IDR  : 14,610

                                

Closing market on 10 Dec 2018                                                      

DJI      : 24,423.26      (+34.31)                                          

 

TREASURY ADVISORY
Alia Fatmawati, Amanda Kinantya, Amelia Damayanti, Arfilia Amanda,
Argo Aji Nugroho, Caroline Pandea, Dicky A Abdurrahman, Dimas Satya, Elvinawaty, Evi Nurul Arafah, Kristian Yusak Djumali, Mirawati Pranoto, Natasya Ihza, Ronal Murni, Rudy Sugiharto, Topik Hidayat, Victoria Wikan, 

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

 

TREASURY ADVISORY

Alia Fatmawati, Amanda Kinantya, Amelia Damayanti, Arfilia Amanda,

Argo Aji Nugroho, Caroline Pandea, Dicky A Abdurrahman, Dimas Satya, Elvinawaty, Evi Nurul Arafah, Kristian Yusak Djumali, Mirawati Pranoto, Natasya Ihza, Ronal Murni, Rudy Sugiharto, Topik Hidayat, Victoria Wikan,

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

 

 

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