{"id":46776,"date":"2026-05-12T11:43:03","date_gmt":"2026-05-12T11:43:03","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46776\/"},"modified":"2026-05-12T11:43:03","modified_gmt":"2026-05-12T11:43:03","slug":"%e4%b8%ad%e6%9d%b1%e6%b9%be%e5%b2%b8%e6%83%85%e5%8b%a2%e3%81%ae%e7%b7%8a%e5%bc%b5%e3%81%a7%e5%85%88%e8%a1%8c%e3%81%8d%e4%b8%8d%e9%80%8f%e6%98%8e%e6%84%9f%e3%80%81eur-usd%e3%81%af%e5%ba%95%e5%a0%85","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46776\/","title":{"rendered":"\u4e2d\u6771\u6e7e\u5cb8\u60c5\u52e2\u306e\u7dca\u5f35\u3067\u5148\u884c\u304d\u4e0d\u900f\u660e\u611f\u3001EUR\/USD\u306f\u5e95\u5805\u304f\u63a8\u79fb\u3000\u72ec\u666f\u6cc1\u611f\u306e\u5909\u5316\u3092\u793a\u3059ZEW\u666f\u6cc1\u611f\u8abf\u67fb\u306b\u6ce8\u76ee"},"content":{"rendered":"

EUR\/USD\u306f\u3001\u6e7e\u5cb8\u5730\u57df\u306e\u7dca\u5f35\u304c\u9ad8\u307e\u308a\u77ed\u671f\u7684\u306a\u89e3\u6c7a\u671f\u5f85\u304c\u5f8c\u9000\u3059\u308b\u4e2d\u3067\u3082\u3001\u5e02\u5834\u5168\u4f53\u306e\u30ea\u30b9\u30af\u9078\u597d\uff08\u6295\u8cc7\u5bb6\u304c\u30ea\u30b9\u30af\u8cc7\u7523\u306b\u8cc7\u91d1\u3092\u5411\u3051\u3084\u3059\u3044\u72b6\u614b\uff09\u306b\u652f\u3048\u3089\u308c\u3001\u5e95\u5805\u304f\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002\u682a\u5f0f\u5e02\u5834\u304c\u8abf\u6574\uff08\u4e0b\u843d\uff09\u3059\u308b\u5c40\u9762\u3067\u306f\u73fe\u6c34\u6e96\u306e\u7dad\u6301\u306f\u96e3\u3057\u3044\u53ef\u80fd\u6027\u304c\u3042\u308b\u4e00\u65b9\u3001\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff08ECB\uff09\u306e\u5229\u4e0b\u3052\u898b\u901a\u3057\u3092\u7e54\u308a\u8fbc\u3080\u52d5\u304d\u306f\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u3088\u308a\u3082\u300c\u30bf\u30ab\u6d3e\uff08\u91d1\u878d\u5f15\u304d\u7de0\u3081\u5bc4\u308a\uff09\u300d\u306b\u50be\u3044\u3066\u3044\u308b\u3068\u306e\u6307\u6458\u3082\u3042\u308b\u3002<\/p>\n

\u30e6\u30fc\u30ed\u570f\u306e\u7d4c\u6e08\u6307\u6a19\u3067\u306f\u30015\u6708\u306e\u72ecZEW\u666f\u6cc1\u611f\u8abf\u67fb\uff08\u6295\u8cc7\u5bb6\u30fb\u30a2\u30ca\u30ea\u30b9\u30c8\u3078\u306e\u30a2\u30f3\u30b1\u30fc\u30c8\u3067\u3001\u30c9\u30a4\u30c4\u666f\u6c17\u306e\u5148\u884c\u304d\u5fc3\u7406\u3092\u65e9\u671f\u306b\u793a\u3059\u6307\u6a19\uff09\u306b\u6ce8\u76ee\u304c\u96c6\u307e\u308b\u3002\u5e02\u5834\u4e88\u60f3\uff08\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\uff09\u3067\u306f\u3001\u671f\u5f85\u6307\u6570\uff08\u5148\u884c\u304d\u898b\u901a\u3057\uff09\u3068\u73fe\u6cc1\u6307\u6570\uff08\u8db3\u5143\u306e\u8a55\u4fa1\uff09\u306e\u60aa\u5316\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u308b\u3002<\/p>\n

ZeW Surveys And The Near Term Euro Outlook<\/h3>\n

\u5730\u653f\u5b66\u30ea\u30b9\u30af\u306e\u9ad8\u307e\u308a\u3067\u8abf\u67fb\u7d50\u679c\u306e\u89e3\u91c8\u306f\u96e3\u3057\u304f\u306a\u308b\u3082\u306e\u306e\u3001\u30e6\u30fc\u30ed\u570f\u306e\u6210\u9577\u898b\u901a\u3057\u306e\u60aa\u5316\u3092\u793a\u3059\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u307f\u3089\u308c\u3066\u3044\u308b\u3002\u7c73\u56fd\u3068\u30a4\u30e9\u30f3\u306e\u548c\u5e73\u306b\u5411\u3051\u305f\u5177\u4f53\u7684\u306a\u9032\u5c55\u304c\u306a\u3044\u9650\u308a\u3001EUR\/USD\u306e\u898b\u65b9\u306f\u5f31\u6c17\u5bc4\u308a\u3068\u3055\u308c\u305f\u3002<\/p>\n

1.180\u3092\u4e0a\u56de\u3063\u3066\u3082\u3001\u73fe\u72b6\u3067\u306f\u5b9a\u7740\u3057\u306b\u304f\u3044\u3068\u306e\u898b\u65b9\u304c\u793a\u3055\u308c\u305f\u3002\u77ed\u671f\u7684\u306b\u306f1.170\u306e\u518d\u8a66\u3057\u304c\u672c\u7dda\u3068\u3055\u308c\u305f\u3002<\/p>\n

2025\u5e74\u540c\u6642\u671f\u306e\u5206\u6790\u3092\u632f\u308a\u8fd4\u308b\u3068\u3001\u72ecZEW\u8abf\u67fb\u306e\u60aa\u5316\u898b\u901a\u3057\u3068\u3001\u5730\u653f\u5b66\u30ea\u30b9\u30af\u306b\u4f34\u3046\u682a\u5b89\u30ea\u30b9\u30af\u3092\u80cc\u666f\u306b\u3001EUR\/USD\u306f\u5f31\u6c17\u30671.170\u518d\u8a66\u3057\u304c\u610f\u8b58\u3055\u308c\u3066\u3044\u305f\u3002\u305f\u3060\u3057\u3001\u60f3\u5b9a\u3057\u305f\u4e0b\u843d\u306f\u5341\u5206\u306b\u306f\u9032\u307e\u306a\u304b\u3063\u305f\u3002<\/p>\n

\u72ecZEW\u666f\u6cc1\u611f\u6307\u6570\u306f2025\u5e745\u6708\u306b\u4e00\u6642\u7684\u306b\u4f4e\u4e0b\u3057\u305f\u5f8c\u3001\u590f\u306b\u304b\u3051\u3066\u6301\u3061\u76f4\u3057\u30018\u6708\u306b\u306f+8.5\uff08\u30d7\u30e9\u30b9\u570f\uff1d\u6539\u5584\uff09\u307e\u3067\u56de\u5fa9\u3057\u305f\u3002\u80cc\u666f\u306b\u306f\u3001\u5de5\u696d\u53d7\u6ce8\uff08\u88fd\u9020\u696d\u306e\u65b0\u898f\u53d7\u6ce8\uff09\u304c\u60f3\u5b9a\u4ee5\u4e0a\u306b\u5e95\u5805\u304b\u3063\u305f\u3053\u3068\u304c\u3042\u308b\u3002\u5fc3\u7406\u6307\u6a19\u306e\u60aa\u5316\u304c\u7d9a\u304f\u3068\u306e\u898b\u7acb\u3066\u306f\u5916\u308c\u3001\u58f2\u308a\uff08\u30b7\u30e7\u30fc\u30c8\uff09\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u8e0f\u307f\u4e0a\u3052\u3089\u308c\u308b\u5834\u9762\u3082\u3042\u3063\u305f\u3002\u30c7\u30fc\u30bf\u74b0\u5883\u304c\u5909\u5316\u3059\u308b\u5c40\u9762\u3067\u306f\u3001\u5fc3\u7406\u8abf\u67fb\u306b\u904e\u5ea6\u306b\u4f9d\u5b58\u3059\u308b\u5371\u3046\u3055\u304c\u6d6e\u304d\u5f6b\u308a\u306b\u306a\u3063\u305f\u3002<\/p>\n

Market Lessons From Mid 2025<\/h3>\n

\u307e\u305f\u30012025\u5e74\u534a\u3070\u306b\u8b66\u6212\u3055\u308c\u305f\u682a\u5f0f\u306e\u8abf\u6574\u306f\u8d77\u304d\u305a\u3001S&P500\u306f\u6628\u5e745\u301c7\u6708\u306b\u304b\u3051\u30663\uff05\u8d85\u4e0a\u6607\u3057\u305f\u3002\u30ea\u30b9\u30af\u9078\u597d\u304c\u5f37\u304b\u3063\u305f\u3053\u3068\u3067\u3001EUR\/USD\u306e\u4e0b\u843d\u30b7\u30ca\u30ea\u30aa\u3068\u306f\u6574\u5408\u3057\u306b\u304f\u304f\u3001\u5f53\u6642\u306f\u5730\u653f\u5b66\u306e\u898b\u51fa\u3057\u4ee5\u4e0a\u306b\u5e02\u5834\u5168\u4f53\u306e\u30e0\u30fc\u30c9\u306e\u5f71\u97ff\u304c\u5927\u304d\u304b\u3063\u305f\u3053\u3068\u3092\u793a\u3057\u305f\u3002\u6301\u7d9a\u3057\u306a\u3044\u3068\u898b\u3089\u308c\u3066\u3044\u305f1.180\u8d85\u3048\u306f\u3001\u590f\u306e\u7d42\u76e4\u306b\u306f\u65b0\u305f\u306a\u4e0b\u5024\u306e\u76ee\u5b89\uff08\u30b5\u30dd\u30fc\u30c8\uff09\u306b\u306a\u3063\u305f\u3002<\/p>\n

\u3053\u306e\u7d4c\u7def\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u5fc3\u7406\u6307\u6a19\u3060\u3051\u3092\u6839\u62e0\u306b\u30e6\u30fc\u30ed\u306e\u5927\u5e45\u4e0b\u843d\u3092\u898b\u8fbc\u3080\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u306f\u614e\u91cd\u3067\u3042\u308b\u3079\u304d\u3060\u3002\u7279\u306b\u3001ECB\u304cFRB\u3088\u308a\u30bf\u30ab\u6d3e\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3067\u306f\u3001\u91d1\u878d\u653f\u7b56\u306e\u65b9\u5411\u6027\u306e\u9055\u3044\uff08\u653f\u7b56\u306e\u304b\u3044\u96e2\uff09\u304c\u901a\u8ca8\u30da\u30a2\u306e\u4e0b\u652f\u3048\u8981\u56e0\u306b\u306a\u308a\u3084\u3059\u3044\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u3053\u306e\u6c34\u6e96\u3067\u30e6\u30fc\u30ed\u3092\u5f37\u304f\u58f2\u308a\u8fbc\u3080\u306e\u306f\u3001\u640d\u76ca\u306e\u898b\u5408\u3044\uff08\u30ea\u30b9\u30af\u30fb\u30ea\u30ef\u30fc\u30c9\uff09\u304c\u60aa\u3044\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n

\u4eca\u5f8c\u6570\u9031\u9593\u306f\u3001\u3088\u308a\u614e\u91cd\u306a\u6226\u7565\u3068\u3057\u3066\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u5c06\u6765\u306e\u58f2\u8cb7\u4fa1\u683c\u3092\u3042\u3089\u304b\u3058\u3081\u6c7a\u3081\u308b\u6a29\u5229\uff09\u3067\u63a7\u3048\u3081\u306b\u5f37\u6c17\u306e\u898b\u65b9\u3092\u8868\u73fe\u3059\u308b\u65b9\u6cd5\u304c\u8003\u3048\u3089\u308c\u308b\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u6a29\u5229\u884c\u4f7f\u4fa1\u683c\uff08\u30b9\u30c8\u30e9\u30a4\u30af\uff09\u30921.1750\u8fd1\u8fba\u306b\u7f6e\u3044\u305f\u30a2\u30a6\u30c8\u30fb\u30aa\u30d6\u30fb\u30b6\u30fb\u30de\u30cd\u30fc\uff08\u73fe\u6642\u70b9\u3067\u306f\u6a29\u5229\u884c\u4f7f\u3057\u3066\u3082\u5f97\u306b\u306a\u3089\u306a\u3044\u6c34\u6e96\uff09\u306eEUR\/USD\u30d7\u30c3\u30c8\uff08\u4e0b\u843d\u6642\u306b\u5229\u76ca\u304c\u51fa\u3084\u3059\u3044\u58f2\u308b\u6a29\u5229\uff09\u3092\u58f2\u3063\u3066\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u30aa\u30d7\u30b7\u30e7\u30f3\u6599\uff09\u3092\u53d7\u3051\u53d6\u308a\u30012025\u5e74\u5f8c\u534a\u306b\u610f\u8b58\u3055\u308c\u305f\u30b5\u30dd\u30fc\u30c8\u304c\u6a5f\u80fd\u3059\u308b\u3068\u898b\u8fbc\u3080\u3002\u6642\u9593\u306e\u7d4c\u904e\u306b\u3088\u308b\u4fa1\u5024\u306e\u76ee\u6e1b\u308a\uff08\u30bf\u30a4\u30e0\u30c7\u30a3\u30b1\u30a4\uff09\u3092\u5229\u76ca\u6e90\u6cc9\u306b\u3057\u3064\u3064\u3001\u640d\u5931\u306f\u4e00\u5b9a\u6c34\u6e96\u306b\u9650\u5b9a\u3067\u304d\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5730\u653f\u5b66\u7dca\u5f35\u3067\u3082EUR\/USD\u306f\u30ea\u30b9\u30af\u9078\u597d\u3067\u5e95\u5805\u3044\u304c\u3001ZEW\u60aa\u5316\u306a\u30891.170\u518d\u8a66\u3057\u3082\u3002\u3082\u3063\u3068\u308225\u5e74\u306f\u5fc3\u7406\u6307\u6a19\u5916\u308c\u3001ECB\u306e\u76f8\u5bfe\u30bf\u30ab\u6d3e\u304c\u4e0b\u652f\u3048\u3002\u614e\u91cd\u306b\u30d7\u30c3\u30c8\u58f2\u308a\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-46776","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\/46776","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=46776"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/46776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=46776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=46776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=46776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}