JPY traded lower against safe haven currency USD as Japan economic bad data

Safe haven currency pairs USD / IDR this morning, Wednesday, December 28, 2016 opened at 13430/13450 level and is expected to be traded in the range 13425-13475.

From the global FX markets yesterday, the JPY traded lower against the USD along with the release of a disappointing Japanese economic data. Tokyo Core CPI was released -0.6% vs. -0.4% YoY, and JP Household Spending released -0.6% vs. 0.4% MoM. USD traded higher against the back _major currencies_ along with the release of US data on CB Consumer Confidence Index level of 113.7, the highest since 2001. The USD Index was up 0.1% at 103.05, near its highest level for 14 years at 103.62. GBP / USD fell 0.2% to a level of 1.2255. 

From the domestic FX trading, USD / IDR spot opened at the level of 13.440 / 13.450, traded in the range of 13.425 to 13.450, and closed at 13,447.5. Amid the lack of domestic sentiment, S slightly higher than Friday's close of last week at the level of 13.452.

The closure of the stock exchange December 27, 2016:

JCI + 1.50%

Dow Jones + 0.06%

Nikkei + 0.03%

Straits Times -0.51%

Gold $ 1140

Oil $ 53.83

Foreign Exchange rate indication, December 28, 2016, at 8:10 pm:

USD / IDR: 13435/13450

EUR / IDR: 14045/14070

GBP / IDR: 16495/16525

JPY / IDR: 114.10 / 114.35

AUD / IDR: 9655/9680

SGD / IDR: 9265/9290

CNH / S: 1930/1940

FORWARD USD / IDR

1week: 13463/13475

2weeks: 13477/13492

1month: 13510/13523

2months: 13565/13580

3months: 13620/13635

Special rate for Treasury Dealing Room contact Bank Mandiri 0313976070 0313982668 0313982672