USD/JPY
Asian shares leapt to three weeks high on Wednesday, powered by financial and
resources shares after investors bought commodities on a weaker dollar, while Hong Kong
shares shrugged off China’s latest move to temper robust lending. Hang Seng rose 1.8pct
after a long Lunar New Year holiday break.
The US currencies lost ground to the Euro and other major currencies while the US gained
versus the Japanese Yen. The Euro held steady after surging 1.3 percent against the
dollar on problems have yet to be solved, and the euro remains highly sensitive to more
negative fiscal news. It was trading at $1.3769, steady, steady on the day and well above
last week’s nine-month low of $1.3532. Against the Yen, the pair was traded higher on
range of 90.10-90.40
Forecast: Market still waiting for the Federal Open Market Committee (FOMC) to be
released later tonight.
Expected range for tomorrow: 90.00 – 91.50


USD/IDR
The rupiah rose for a second day after Greece’s finance minister said his nation won’t need a
bailout from the European Union to finance its budget deficit, thus returning some of the risk
appetite. The pair traded below 9300 after almost a month hovering above that level. The local
bourse also rose 0.88% after gaining 1.6% yesterday. The record shows that foreign funds
bought more Indonesian equities than they sold in the past five trading days. International
investors also increased their holdings of local bonds to 119.01 trillion rupiah from 115.02
trillion rupiah in January.


Closing market on Feb 17, 2010 Jakarta market at 5 pm. on Feb 17, 2010

Nikkei : 10,306.83 (+272.58) USD/JPY : 90.55 /90.65

JGB : 1.325 (+0.005) EUR/USD : 1.3745/1.3755

JSI : 2,581.34 (+22.835) USD/IDR : 9,285

EUR/JPY : 124.50/124.60

Closing market on Feb 16, 2010 BTMU JIBOR 1 mo : 7.25 %

DJI : 10,268.81 (+169.67) BTMU JIBOR 3 mo : 7.50 %