Mexican peso hits 15-year high against yen amid oil rebound

Interest rate gap whets appetite of Japan retail investors

20240216N Mexican peso

The Mexican peso has reached the 8.8 yen range for the first time since 2008. (Photo by Tomohiro Ichihara)

MIKI KAMIYAMA, Nikkei staff writer

TOKYO -- The Mexican peso on Friday touched its strongest level against the yen since October 2008, fueled by a rise in oil prices and high interest rates.

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