Daily Forex Highlights – Jun 09

📌 Top Story

Bank Indonesia raises benchmark rate by 25bps to 5.50%

What happened: Bank Indonesia raised its benchmark interest rate by 25 basis points to 5.50 percent.

Why it matters: The rupiah has been under severe pressure, hitting record lows. This is a direct move to defend the currency.

Market impact: 🟢 Bullish for the rupiah in the near term. The hike shows BI is serious about stability.

🔥 Quick Takes

- 🇩🇪 German industrial output rose for the first time since the Iran war began → A rare piece of good news for Europe's largest economy. Recovery may be taking hold.

- 🇮🇩 BI raises rate by 25bps to 5.50% → See Top Story.

- 🇮🇩 BI: The hike is a step to further strengthen rupiah stability → Clear policy intent. More action could follow if needed.

- 🇰🇷 Korea's financial watchdog and central bank will review speculative won trading → Verbal intervention. Authorities are watching the won closely.

- 🇮🇩 BI deputy governor: BI will guide the FX market to prevent excessive volatility → A commitment to smooth out sharp moves. Intervention is on the table.

- 🇯🇵 Nikkei: BOJ plans to raise rates to 1% at June meeting, and may stop bond purchase tapering from April 2027 → A hawkish signal. The BOJ is moving toward normalization.

- 🇰🇷 Korea will crack down on speculative FX trading; regulators plan on-site inspections → Stronger verbal intervention. Concrete steps may follow.

- 🇹🇷 Bankers say the central bank bought $4.5 billion in FX last week. Total reserves rose $1 billion to $160 billion. Net reserves rose $1.5 billion to $47.5 billion. → Turkey is rebuilding its reserves. A sign of stabilization efforts.

💡 Technical Analysis

USD/JPY – 160.17

Resistance: 160.22 (R1) / 160.26 (R2) / 160.34 (R3) → Clear R1 for more upside

Support: 160.10 (S1) / 160.02 (S2) / 159.98 (S3) → Hold above S1 keeps bull case

Technical call: Neutral – MAs: 6 Buy / 6 Sell. Indicators: 4 Buy / 0 Sell (6 neutral). RSI at 49.7.

EUR/USD – 1.1542

Resistance: 1.1551 (R1) / 1.1557 (R2) / 1.1561 (R3) → Clear R1 for upside

Support: 1.1541 (S1) / 1.1537 (S2) / 1.1531 (S3) → Break below S1 signals weakness

Technical call: Mixed – MAs show sell bias (4 Buy / 8 Sell) but indicators show strong buy (8 Buy / 1 Sell). Conflicting signals.

Source: Investing.com – Prices as of Jun 09, 2026 03:44-03:47 AM (GMT-4:00)

🔮 Looking Ahead

- 🇮🇩 Rupiah – will BI intervene further?

- 🇰🇷 Won – will authorities take concrete action?

- 🇯🇵 BOJ June meeting – rate hike to 1%?

- 🇹🇷 Turkey reserves – can rebuilding continue?

- 🇩🇪 German industry – is recovery sustainable?