SAXO:MXNJPY   Mexican Peso/Japanese Yen
The Mexican Peso is gaining strength against the Yen as a recovery in global growth in 2021, reduces the demand for the safe-haven Yen and increases the demand for the Mexican peso.

We look at why the Japanese Yen is a safe haven currency of choice, alongside Interest rate differentials that will play a key rol in the outlook for gains in the peso.

I give examples of entry price, stop loss using one-month ATR and take profit targets.

Kayan Kalipha