Mexican Peso to Yen Likely to Stay Firm on Growth Expectations Exceeding IMF Forecasts

フィスコ··Read original
2▲1 ▼1Impact / 5
Summary · why it matters

Mr. Chen of Sanward Securities indicated that the Mexican peso is likely to remain firm against the yen, as economic growth is expected to surpass the latest IMF forecasts. Mexico's Finance Minister Amador stated that growth will exceed the IMF's downward revision of the 2026 GDP growth outlook to 1.2 percent. He also noted that the June CPI came in at 3.37 percent year-on-year, staying below the policy target ceiling of 4.0 percent for a second consecutive month, and that the Bank of Mexico has no plans to cut rates for the time being, making it easier for peso buying and yen selling to continue from an interest rate perspective. He expects this week's range to be 9.20 to 9.50 yen.

Impact on assets 2

Others± Mixed

Off-coverage companies 1

サンワード証券i
Private± Mixedrelevance