RRI.CO.ID, Jakarta - The Indonesian rupiah weakened slightly on Wednesday morning, February 4, 2026, as investors adopted a cautious “wait-and-see” stance ahead of key economic reports from both the United States and Indonesia.

At the opening of the Jakarta market, the rupiah slipped 9 points, or 0.05 percent, to IDR 16,763 per US dollar, down from its previous close of IDR 16,754. Analysts said the currency is entering a consolidation phase with limited downside potential as the market digests shifting global and domestic sentiment.

Currency analyst Lukman Leong of Doo Financial Futures noted that the primary driver of the current “sideline” behavior is the upcoming release of Indonesia’s fourth-quarter 2025 Gross Domestic Product (GDP) data on Thursday. Economists estimate the national economy grew by 5 percent year-on-year. 

“The rupiah is expected to consolidate with limited potential for weakness against the US dollar. Investors are likely to remain on the sidelines in anticipation of a series of important US economic data in the next few days and Indonesia’s Q4 2025 GDP data tomorrow,” Lukman said in Jakarta on Wednesday, as quoted by Antara.

In the United States, the Institute for Supply Management (ISM) services index is projected to decline slightly from 54.4 to 53.5. Meanwhile, uncertainty surrounds the Non-Farm Payrolls (NFP) report. 

Initially scheduled for release on Friday, the report has been delayed indefinitely due to a partial US government shutdown triggered by a congressional deadlock over Department of Homeland Security funding.

Domestically, sentiment has yet to fully recover, weighed down further by a broader “risk-off” mood across Asian markets. This follows a significant sell-off in the US technology sector, which is expected to drag down Asian tech firms during Wednesday’s session. “Domestic sentiment has not yet fully recovered, especially as sentiment in Asia is expected to be risk-off today, following Wall Street,” Lukman added.

Based on these factors, the rupiah is expected to fluctuate between IDR 16,700 and IDR 16,850 per US dollar throughout the day. ***

​