JPYIDR IS UNDERWAY TO RP. 130.00/132.00 PER JAPANESE YEN BY DEPRECIATING INDONESIAN RUPIAH FOR 16 %. THE CURRENT RATE ISS 123.00 FOR 7 % OR INDONESIAN RUPIAH ALREADY DEPRECIATED FOR 7 % AND BEING UNDERWAY FOR DEPRECIATION 16 %.
NO ACTION CAN BE UNDERTAKEN BY THE INDONESIAN CENTRAL BANK (BANK INDONESIA) DUE TO THE VERY LARGE MARKET FORCE AND THE USDJPY STILL UNDERWAY FOR 100.00. WHAT CAN BE DONE IS TO WAIT THE MEASURES TO BE UNDERTAKEN BY THE FED AND BOJ ON USDJPY AT 100.00.
THE PRIMARY CONCERN NOT THE TARGET ZONE, BUT THE ALIGNMENT AND CONTINUOUSLY REALIGNMENT OF THE MEDIUM TARGET ZONE TO UPWARD TO PUT THE INDONESIAN RUPIAH AT RISK IN LONG TERM BY LONG TERM CONSISTENT DEPRECIATION. ANY ADVISES AND ADVOCATES MADE BY THE IMF, WORLD BANK AND ADB WILL BE CONSIDERED AS "DICTATION" BY PROVOKING THE PUBLIC THAT THE THREE INSTITUTIONS ARE DICTATING. NOT EASY TO DELIVER ADVISES AND ADVOCATES AS PREVIOUSLY EXPERIENCED. JUST WATCH OUT.