Will the Mexican peso’s fate hold steady despite internal and external troubles?

6/2In the Mexican presidential and general elections, the ruling party Morena’s landslide victory led to concerns that the ruling party and the National Regeneration Movement would undertake authoritative constitutional reforms, causing the Mexican financial markets to experience a triple downturn(MORENA

)in stocks, bonds, and foreign exchange), which raised concerns. Subsequently(the European Parliament elections from 6/6 to 6/9 saw far-right forces surge, prompting French President Macron to announce a dissolution of the National Assembly, and the French financial markets also faced a triple downturn. Taking into account that this impact has caused further damage to the Mexican financial markets, this article explains the outlook for the Mexican peso against the yen.