{"id":46415,"date":"2026-05-05T17:13:27","date_gmt":"2026-05-05T17:13:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46415\/"},"modified":"2026-05-05T17:13:27","modified_gmt":"2026-05-05T17:13:27","slug":"4%e6%9c%88%e3%81%ae%e7%b1%b3ism%e9%9d%9e%e8%a3%bd%e9%80%a0%e6%a5%ad%e9%9b%87%e7%94%a8%e6%8c%87%e6%95%b0%e3%81%af48%e3%81%ab%e4%b8%8a%e6%98%87%e3%80%81%e5%89%8d%e6%9c%8845-2%e3%81%8b%e3%82%89","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46415\/","title":{"rendered":"4\u6708\u306e\u7c73ISM\u975e\u88fd\u9020\u696d\u96c7\u7528\u6307\u6570\u306f48\u306b\u4e0a\u6607\u3001\u524d\u670845.2\u304b\u3089"},"content":{"rendered":"

\u7c73\u56fd\u306eISM\u975e\u88fd\u9020\u696d\uff08\u30b5\u30fc\u30d3\u30b9\u696d\uff09\u96c7\u7528\u6307\u6570\u306f4\u6708\u306b48\u3078\u4e0a\u6607\u3057\u305f\u3002\u524d\u6708\u306f45.2\u3060\u3063\u305f\u3002<\/p>\n

\u6307\u6570\u306f\u4f9d\u7136\u3068\u3057\u306650\u3092\u4e0b\u56de\u3063\u3066\u3044\u308b\u300250\u5272\u308c\u306f\u3001\u30b5\u30fc\u30d3\u30b9\u696d\u3067\u96c7\u7528\u306e\u5897\u52a0\u304c\u5f31\u3044\uff08\u96c7\u7528\u6d3b\u52d5\u304c\u7e2e\u5c0f\u3057\u3066\u3044\u308b\uff09\u53ef\u80fd\u6027\u3092\u793a\u3059\u3002\u4eca\u56de\u306f\u4e0a\u6607\u3057\u3066\u304a\u308a\u3001\u96c7\u7528\u306e\u60aa\u5316\u30da\u30fc\u30b9\u304c4\u6708\u306b\u920d\u5316\u3057\u305f\u3053\u3068\u3092\u793a\u5506\u3059\u308b\u3002<\/p>\n

Fed Policy Implications<\/h3>\n

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\u5e02\u5834\u3067\u306f\u5e74\u5f8c\u534a\u306e\u5229\u4e0b\u3052\u898b\u901a\u3057\u304c\u5f8c\u9000\u3057\u3001\u5c11\u306a\u304f\u3068\u30821\u56de\u306e\u5229\u4e0b\u3052\u304c\u7e54\u308a\u8fbc\u307e\u308c\u306b\u304f\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u305d\u3053\u3067\u91d1\u5229\u5148\u7269\uff08\u5c06\u6765\u306e\u91d1\u5229\u6c34\u6e96\u3092\u53cd\u6620\u3059\u308b\u5148\u7269\uff09\u306b\u9023\u52d5\u3059\u308b\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u4e00\u5b9a\u4fa1\u683c\u3067\u58f2\u8cb7\u3059\u308b\u6a29\u5229\uff09\u306b\u6ce8\u76ee\u3057\u305f\u3044\u3002\u7c73\u56fd\u50b5\u5148\u7269\uff08Treasury Note futures\u3001ZN\uff09\u3067\u30d7\u30c3\u30c8\uff08\u58f2\u308b\u6a29\u5229\uff09\u3092\u8cb7\u3046\u306e\u306f\u3001\u300c\u91d1\u5229\u304c\u9ad8\u6b62\u307e\u308a\uff1d\u5229\u56de\u308a\u304c\u9ad8\u3044\u72b6\u614b\u304c\u7d9a\u304f\u300d\u5c40\u9762\u3078\u306e\u5099\u3048\u3068\u3057\u3066\u59a5\u5f53\u3060\u3002\u3053\u308c\u306f\u3001\u5e95\u5805\u3044\u7d4c\u6e08\u6307\u6a19\u304c\u5229\u4e0b\u3052\u958b\u59cb\u3092\u9045\u3089\u305b\u305f2025\u5e74\u5f8c\u534a\u306e\u5e02\u5834\u53cd\u5fdc\u306b\u4f3c\u3066\u3044\u308b\u3002<\/p>\n

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\u91d1\u5229\u898b\u901a\u3057\u306e\u5909\u5316\u306f\u7c73\u30c9\u30eb\u306e\u8ffd\u3044\u98a8\u306b\u306a\u308a\u3084\u3059\u3044\u3002\u7279\u306b\u3001\u4e2d\u592e\u9280\u884c\u304c\u7de9\u548c\u5bc4\u308a\uff08\u30cf\u30c8\u6d3e\uff1d\u5229\u4e0b\u3052\u306b\u524d\u5411\u304d\uff09\u306a\u901a\u8ca8\u306b\u5bfe\u3057\u3066\u3001\u30c9\u30eb\u9ad8\u304c\u9032\u307f\u3084\u3059\u3044\u3002\u5bfe\u5fdc\u7b56\u3068\u3057\u3066\u306f\u3001\u7c73\u30c9\u30eb\u6307\u6570\uff08DXY\uff1d\u4e3b\u8981\u901a\u8ca8\u306b\u5bfe\u3059\u308b\u30c9\u30eb\u306e\u5f37\u3055\u3092\u793a\u3059\u6307\u6570\uff09\u306e\u30b3\u30fc\u30eb\uff08\u8cb7\u3046\u6a29\u5229\uff09\u3092\u8cb7\u3046\u6226\u7565\u304c\u3042\u308b\u3002DXY\u306f\u76f4\u8fd11\u30ab\u6708\u30671.5%\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002<\/p>\n

Dollar Positioning<\/h3>\n","protected":false},"excerpt":{"rendered":"

ISM\u30b5\u30fc\u30d3\u30b9\u96c7\u7528\u306f4\u670848\u3078\u4e0a\u6607\u308250\u5272\u308c\u7d99\u7d9a\u3002\u60aa\u5316\u920d\u5316\u3067FRB\u5229\u4e0b\u3052\u6025\u304c\u305a\u3001\u91d1\u5229\u9ad8\u6b62\u307e\u308a\u30fb\u30c9\u30eb\u9ad8\u8ffd\u3044\u98a8\u3002\u7c73\u50b5\u30d7\u30c3\u30c8\u3001DXY\u30b3\u30fc\u30eb\u3001S&P500\u30d7\u30c3\u30c8\u58f2\u308a\u306b\u5999\u5473\u3002<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-46415","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=46415"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46415\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=46415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=46415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=46415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}