MXNJPY: Odds of a 9.45 breach by end of week?

Been watching $MXNJPY with a hawk's eye, and it feels like it's been knocking on the door of a more significant move. We've seen it push towards 9.38 today, hitting 9.38438, which is a decent bounce from the lower 9.337s. My gut, backed by a quick glance at a few indicators, puts the probability of us seeing a breach of 9.45 before the week is out at around 60-65%. The reasoning? The risk-on sentiment seems to be holding up, and while the JPY has been broadly weak, the MXN still has some legs left if carry demand stays robust. It's not a sure thing, by any means; a sudden shift in global sentiment could easily pull it back, but the momentum seems to be building for that upside test.

Of course, if I were any good at predicting the future, I wouldn't be sharing my musings on a forum. But the technicals look promising for continued upward pressure, and it's certainly a level worth watching for those positioned long or considering it. Just keep an eye on that broader risk appetite; it's the wildcard in this particular hand.