Indonesian Rupiah: Watching for retracement signs – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that IDR remains under pressure despite new IDX measures to address MSCI’s transparency concerns. They retain a mildly cautious bias, stressing that enforcement and foreign portfolio flows will be crucial for restoring confidence. Technically, USD/IDR shows mild bullish momentum near prior highs, with resistance and support levels framing potential retracement.