NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 
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AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85 
• USD/MXN dipped on Wednesday as dollar weakened after softer-than-expected U.S. inflation data.
• Data showed consumer prices increased only marginally in May, but inflation is expected to accelerate in the coming months due to the Trump administration's import tariffs.
• The Consumer Price Index (CPI) increased 0.1% last month after rising 0.2% in April, the Labor Department's Bureau of Labor Statistics (BLS) said.
• Following the consumer pricing data, traders of short-term interest-rate futures priced in a 70% chance of a quarter-point reduction in the Fed policy rate by September, compared with 57% earlier.
.• At GMT 18:42, the pair was trading down 0.79 percent at 18.900
• Immediate resistance is located at 19.055(Daily high), any close above will push the pair towards 19.241(38.2%fib).
• Support is seen at 18.835 (Daily low) and break below could take the pair towards 18.691(23.6%fib).
Recommendation: Good to sell around 18.900 with stop loss of 19.300 and target price of 18.650
