The US dollar remains stable against the Japanese yen, with support from interest rate differentials and concerns over Japan's bond market suppressing yen strength.
In July 2025, USD/MXN may continue to decline toward 18.50 unless a US downturn triggers a reversal, with interest rate differentials favoring the peso.
USD/MXN falls as the peso gains strength on robust risk appetite and attractive interest rate differentials. A breakdown below 18.80 could trigger further selling toward 18.60 and 17.65.
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