Rupiah has the potential to weaken amid the strengthening of the US dollar.

Rupiah and US dollar (between)

JAKARTA - The rupiah exchange rate in Monday, January 12, 2026 trading is expected to weaken against the US dollar (USD).

Citing data from Bloomberg, Friday, January 9, 2025, the spot rupiah exchange rate closed down 0.13 percent to Rp16,819 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.20 percent to the price level of IDR16,834 per US dollar.

Doo Financial Futures analyst Lukman Leong assessed that the rupiah has the potential to weaken against the US dollar, which is still strengthening in response to US economic data released last Friday and in general is stronger than expected.

"Investors are waiting for Indonesian retail sales data this morning," he told VOI, Monday, January 12.

However, he added that market participants are still watching the impact of the latest developments related to the criminal investigation by the US Department of Justice (DoJ) against Powell, which pressured the US dollar and could potentially provide some support for the rupiah.

"However, investors are still deeply influenced by the latest developments in the criminal investigation by the DoJ against Powell which pressured the US dollar and bs slightly supported the rupiah," he explained.

Lukman estimates that the movement of the rupiah on Monday, January 12, 2026 will be in the range of Rp16,750-Rp16,850 per US dollar.