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BOJ, CPI, and my MXNJPY / ZARJPY watch
Japan's CPI coming in hotter than expected for February has me revisiting my thesis on $MXNJPY and $ZARJPY. The BOJ seems to be hinting at tightening, yet these carry trades are still grinding higher today with $ZARJPY at 9.841 and $MXNJPY at 9.26. Wondering how long this can run before a more definitive pivot shakes things up.
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