MXN strength on potential rate differential, watching for USD weakness to confirm

That move in $MXNJPY, touching 9.26269 today, has me thinking about the wider implications for carry trades if the Fed holds longer while other central banks start signaling more hawkishness. The peso's resilience here suggests some real conviction in that rate differential play. I'm keeping an eye on whether this translates to broader USD weakness against other majors, as that could really open up some interesting pairs beyond just LatAm currencies.