• IDR's outperformance was seen today - up over 2% vs the USD amid relatively quiet trade in other AXJ currencies
  
  
• Indonesia's rupiah hit a one-month high on dollar selling by foreign investors; foreign investors dumped the greenback around 14,600
  
  
• IDR joined other emerging Asian currencies in rising on expectations that the U.S. Federal Reserve may hold off on raising interest rates
  
  
• Indonesia c.bank deputy Gov said on Tuesday that Rupiah "far too undervalued", Tuesday's strengthening in line with expectations
  
  
• Deputy Gov added that the Rupiah strengthens due to global factors, new measures including forward currency market intervention
  
  
• USD/IDR finally found bottom after reeling to 14170 low, fresh buying from foreign and local names drove pair back to 14300 
  
  
• Going forward, growth concerns likely to see renewed IDR selling, consolidation likely between 14200-14500 near-term
  
  
• Daily Tenkan at 14503.50 is initial resistance and support on the downside is seen by 55 EMA at 14200