USD/IDR Lower On Suspected Intervention;8,940 Support

The USD/IDR is sharply lower at 8,950 vs 9,030 late Wednesday as three dealers suspect Bank Indonesia to have sold around $20 million at IDR8,950. "This is the fist time Bank Indonesia has intervened since Moody's upgraded Indonesia's rating to investment-grade level last month. The central banks seems unhappy that the dollar remains well supported above IDR9,000," one of the dealers says. He tips a 8,940-8,990 range for the session as the market awaits Friday's Jobs data in the U.S.