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MXNJPY: Retest of 9.30 by month-end?
Watching $MXNJPY closely. Current range is fairly tight, but the overall bullish momentum seems to have stalled a bit at these levels. I'd put the odds of a retest of 9.30 by month-end at around 60%, assuming no major shocks out of Mexico or Japan. The resistance there seems quite firm; a break would be significant, but for now, it's more of a target. Could see a slight pullback before another attempt.
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