The Jakarta Composite Index in today's trading on Monday (21/6) has the potential to weaken.

Phintraco Sekuritas analyst Valdy Kurniawan said the JCI would move bearish to test the support at 5,950 and resistance at 6,050.

"This is in line with the signal that the Fed's monetary policy tightening is expected to continue to depress the rupiah exchange rate," he said in his research.

The weakening of the Rupiah exchange rate was one factor that triggered the contracting of the stock prices of some banks in the last few trading days. Moreover, the signal of tightening monetary policy was followed by market participants' concerns about the negative impact of the increase in new cases of Covid-19 in Indonesia on Indonesia's economic prospects.

"This is because the increase in new cases of Covid-19 is feared to underlie the implementation of tightening restrictions on community activities to reduce the rate of transmis