• USD/IDR is up at 15,944 in Jakarta morning; versus yesterday's close of 15,865.
• The Rupiah has broken out having breached the 200-day EMA of 15,727, it is in clear space with no significant technical barriers. 16000 is the next logical upside target.
• Bloomberg Asia dollar spot index is higher by 0.04% at the open and the Bloomberg Dollar spot index is 0.13% lower.
• USD/IDR one-month implied volatility is down this morning to 6.855%, versus 6.90% yesterday’s close.
• Indonesia's 10-year bond yield is at 6.922%
• Indonesia 5 yr USD CDS at 72bps (yesterday close 72bp, 5-year low 38bps in 2020).

Headlines

• Indonesia Sees Less Room for Easing, Will Act to Support Rupiah (source:  BBG)
• Indonesian Bonds to Lag Indian Debt as Tariff Risk Drags Rupiah (source: BBG)

Data Releases

• BoP Current Account Balance

Government Bond Auction

• None