Johanes

CHFIDR WILL REACH 15,000/15,250 FOR 15 % + 1 % TARGET ZONE

Long
Johanes Updated   
FX_IDC:CHFIDR   SWISS FRANC / INDONESIAN RUPIAH
THE CURRENT WIDTH OF CHFIDR MEDIUM TERM TARGET ZONE ABOUT 7 % (13,100-14,100) AND WILL BE CONTINUED TO MOVE TO UPWARD TO REACHH RP. 15,000/15,200 PER SWISS FRANC FOR ESTIMATED 15 % + 1 % WIDTH OF MEDIUM TERM TARGET ZONE.

NOTHING CAN BE DONE BY THE INDONESIAN CENTRAL BANK (BANK INDONESIA) DUE TO THE USDCHF WILL STILL TO MOVE TO DOWNWARD FOR VISITING 0.8750 FOR 15 % WIDTH OF MEDIUM TERM EXCHANGE RATE TARGET ZONE.

AT SUCH, INDONESIAN RUPIAH WILL BE DEPRECIATED BY SWISS FRANC FOR 16 %, ESTIMATED SIMILAR TO INDONESIAN RUPIAH ALREADY DEPRECIATED BY EURO FOR 15 % + 1 % (NEAR TO COMPLETE).

THE BANK INDONESIA CAN ONLY WAIT THE MEASURES UNDERTAKEN BY THE FED AND SNB ON USDCHF IN THE FUTURE DUE TO LACK OF CAPACITY FOR UNDERTAKING MARKET STERILIZATION OF SUCH LARGE FORCES.

THE PRIMARY CONCERN NOT THE TARGET ZONE BUT THE ALIGNMENT OF THE MEDIUM TERM TARGET ZONE TO UPWARD CONSISTENTLY THAT MAY PROLONG THE WEAKENING OF INDONESIAN RUPIAH BY THE SWISS FRANC IN LONG TERM. JUST WATCH OUT.
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