Market Closing - Thursday, 22 October 2026
- The Jakarta Composite Index (JCI) closed higher by 1.12% at 5,387.91, compared with its previous closing level of 5,328.36 on 21 October 2026.
- The Indonesian Rupiah closed weaker by 0.25% at IDR 18,050 per USD, compared with its previous closing level of IDR 18,005 per USD on 21 October 2026.
Indonesia's financial markets ended Thursday's trading session on a mixed note, with the JCI advancing while the Rupiah weakened. Investors continued to monitor capital market reforms and uncertainties surrounding MSCI (Morgan Stanley Capital International), while rising global oil prices added further pressure on the Rupiah amid expectations for monetary policy decisions from major central banks next week.
Global
Wall Street closed mixed on Thursday, with the Nasdaq plunging 2.60% to 26,008.86 and the S&P 500 declining 1.21% to 7,663.43, weighed down by concerns over the substantial funding requirements for AI investments and financing risks in the technology sector. Meanwhile, the Dow Jones edged up 0.02% to 52,867.98.
Separately, reports emerged regarding potential new US-Israeli strikes against Iran. Escalating geopolitical tensions prompted investors to shift toward safe-haven assets, driving the 10-year US Treasury yield lower to 4.972%.
Oil prices surged, with West Texas Intermediate (WTI) crude rising 2.48% to USD 99.55 per barrel and Brent crude gaining 4.15% to USD 113.33 per barrel, approaching their highest levels in five weeks. The rally was driven by intensified Houthi attacks on energy targets in Saudi Arabia and reports of potential new US-Israeli strikes against Iran, heightening the risk of oil supply disruptions in the Middle East. However, the recovery in Persian Gulf oil exports toward pre-war levels could potentially cap further price gains.
The US Dollar Index (DXY) weakened by 0.20% to 101.58, approaching a three-week low, amid concerns over the sustainability of AI investments and escalating US-Israeli geopolitical tensions with Iran. Risk-off sentiment supported the Japanese Yen and Swiss Franc as safe-haven currencies, while the Euro weakened.
Ahead of next week's Federal Reserve (Fed) policy decision, markets expect interest rates to remain unchanged. However, the probability of a 25-basis-point rate hike in December has increased to 74.8%.
The US released its latest weekly jobless claims data, which declined to 194,000 from the previous 200,000. The decrease in initial jobless claims indicates that the US labor market remains resilient, potentially supporting the US Dollar and exerting further pressure on the Rupiah.
USD/IDR Trading Range Forecast for Today
18,035 - 18,135
Indonesia Economic Indicators
| Economic Indicator | Latest Data |
| BI-Rate (21 October 2026) | 5.75% |
| Inflation - September 2026 (YoY) | 3.28% |
| Foreign Exchange Reserves - September 2026 | USD 146.3 billion |
Sources: CNBC Indonesia, Trading Economics, Bank Indonesia, Reuters.
Closing Exchange Rates (22 October 2026)
| Currency Pair | Closing Rate |
| USD/IDR | 18,050 |
| JPY/IDR | 114.80 |
| SGD/IDR | 14,136.35 |
J Trust Bank - Foreign Exchange (FX) Bank Notes & Telegraphic Transfer (BN & TT)
Available Currencies
J Trust Bank provides foreign exchange services in the following currencies:
- US Dollar (USD)
- Singapore Dollar (SGD)
- Japanese Yen (JPY)
- Euro (EUR)
- Australian Dollar (AUD)
- British Pound Sterling (GBP)
- Chinese Yuan (CNY)
- New Zealand Dollar (NZD)
- Hong Kong Dollar (HKD)
- South Korean Won (KRW)
Requirements for Foreign Exchange Transactions Against the Indonesian Rupiah
- Transactions at or below the threshold (≤ threshold): Customers are required to submit a Declaration Letter for transactions below the threshold and a copy of their identification document.
- Transactions exceeding the threshold (> threshold): Customers are required to submit a Declaration Letter for transactions above the threshold, a copy of the underlying transaction documents, Taxpayer Identification Number (NPWP), and identification document.
Contact J Trust Bank Treasury Sales
Telephone: (021) 2926-1114 (Hunting)
Treasury Sales Contact Number
- Bintang: 0812 2650 949
- Hanif: 0811 8762 001
- Naomi: 0877 0633 1585
- Ade: 0821 6939 7410
Disclaimer
Although the information contained herein has been prepared by PT Bank JTrust Indonesia Tbk (J Trust Bank) using sources considered reliable, J Trust Bank makes no representation or warranty, express or implied, as to its accuracy or completeness, and accepts no responsibility for any errors or omissions. The information provided herein does not constitute a guarantee of future performance and should not be relied upon as such. All information disclosed herein is subject to change without prior notice. No part of this information may be reproduced in any form or by any means without the prior written consent of J Trust Bank.
