Watching JPY Pairs After Recent Moves

It's interesting to see $MXNJPY at 9.238 and $ZARJPY pushing 9.943 today. Seems like the carry trade is really finding its legs again, especially with the Bank of Japan still signaling a super-accommodative stance despite some inflation creeping in domestically. For me, it's less about the daily fluctuations and more about the underlying current: is the yield differential really enough to sustain these moves, or are we setting up for another sharp reversal if global sentiment shifts or if there's even a whisper of a policy pivot from the BoJ?

I'm not jumping in right now, but definitely keeping a close eye on how these pairs react to upcoming inflation data globally. The risk/reward for chasing further gains here feels a bit stretched, but the resilience is undeniable. It's making me re-evaluate my broader risk appetite, especially concerning yen crosses.