Daily Forex Report

MUFG Bank, Jakarta Branch FOREX DAILY REPORT Tuesday, Okt 15, 2019

Major Currencies

 “Cautious optimism” on BREXIT front, according to a news report, sources on both the UK and the EU sides have indicated that after a positive day of negotiations, a potential solution to the Northern Irish border problem had been found. This “cautious optimism” represents a marked shift in tone from that of EU chief negotiator Michel Barnier who had previously talked down the recent progress. The positive noise helped the Euro and Sterling rose against the dollar as much as 0.20% and 0.70%, respectively, before giving up most gains. The dollar index was relatively flat at 98.450 as per this report was written.

Bloomberg reports that China wants more talks the end of October to hammer out the details of the “phase one” trade deal outlined by U.S. President Donald Trump before Chinese President Xi Jinping agrees to sign it.


The pair was opened at 14,140 relatively flat compare to yesterday. The pair was traded on a narrow range during the morning session. After the lunch break the pair was traded higher reaching 14,170, following other currency in the region as the US – China trade optimism fades. USDIDR was closed at 14,170.

Indonesia returns to trade deficit in September. Based on report from The Statistic Bureau, trade deficit was recorded USD 160.5 Million in September compare to of USD 112.4 Million surplus recorded in August. Indonesia Export dropped by 5.74% annually in September to USD 14.1 Billion. Oil and Gas shipments dropped by 37.1% while mining and others dropped by 15%. Import also fell 2.41% on annual basis to USD 14.26 Billion.


Closing market on 15 Oct 2019                 Jakarta market at 4:45 pm on 15 Oct 2019

Nikkei  : 22,207.21      (+408.34)             USD/JPY  : 108.28 / 108.31

JGB     : -0.175          (+0.010)                EUR/USD : 1.1012 / 1.1014

JSI      : 6,158.166     (+31.289)              USD/IDR  : 14,165


Closing market on 14 Oct 2019                                                         

DJI     : 26,787.36      (-29.23)                     



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, Palmella Putri, 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





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.