Dollar-peso continued to trade sideways after fluctuating in the Latin American market. The peso fell from around 18.15 to 17.94, then continued to trade within an 18.05–18.10 range.
Dollar-peso trading was temporarily dominated by peso selling in the previous day's market, reaching around 18.15, but it subsequently fell to around 18.0 amid weak US economic data. It then continued to trade sideways within an 18.05–18.10 range from the New York afternoon through the Tokyo morning.
Against the yen, the recent yen-selling momentum has prevailed, with the pair moving to renew its high in overseas markets. USDMXN was quoted at 18.099 and MXNJPY at 8.7435.
This article was distributed by MINKABU FX and reports on movements in the Latin American market and the formation of ranges in currency pairs as developments in overseas markets.
Key points going forward include dollar-peso volatility, the possibility of a break out of the range, and whether yen weakness will continue.