MXN vs JPY
🇯🇵1 MXN = 9 JPY
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
MXN / JPY| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About MXN / JPY
🇲🇽 MXN — Mexican Peso
The Mexican Peso is the most traded currency in Latin America and among the most traded emerging market currencies globally. It is the eighth most traded currency in the world by daily turnover.
🇯🇵 JPY — Japanese Yen
The Japanese Yen is the third most traded currency in the forex market and is widely used as a reserve currency. It is known as a safe-haven currency that investors flock to during times of global uncertainty.
Key Factors Affecting MXN/JPY
🇲🇽 MXN Drivers
- Banxico (Bank of Mexico) interest rate decisions
- US-Mexico trade relations and USMCA
- Oil prices and Pemex production data
- Remittance flows from the US to Mexico
🇯🇵 JPY Drivers
- Bank of Japan monetary policy and yield curve control
- Japan's trade surplus and export data
- Global risk appetite and safe-haven flows
- USD/JPY carry trade dynamics
💡 Did You Know? — MXN
The Mexican peso was the first currency in the world to use the '$' sign, which was later adopted by the United States dollar.
💡 Did You Know? — JPY
The yen has no subdivisions in circulation — unlike most currencies, there are no cents or pence equivalent.
Economy Overview
🇲🇽 Mexico
Mexico has a large, diversified economy closely linked to the United States through trade and manufacturing. It is a major exporter of vehicles, electronics, and oil.
🇯🇵 Japan
Japan has the third-largest economy in the world and is a major exporter of automobiles, electronics, and technology. The Bank of Japan (BoJ) has maintained ultra-low interest rates for decades.