MXNJPY and the latest Banxico tone

Watching $MXNJPY with some interest after Banxico's latest minutes. The talk around inflation sticking above target, even with their recent hold, still points to a relatively hawkish stance compared to some other majors. While the carry is attractive, the current 9.234 level feels a bit stretched given global risk-off sentiment. My read is that the yen might find some renewed safe-haven bids if things continue to look wobbly elsewhere, possibly pulling MXN back towards the lower end of its recent range. Not looking for a short entry just yet, but definitely keeping it on the watchlist for a potential mean reversion play if we see a clear break below 9.205.