{"id":51437,"date":"2026-07-24T09:29:39","date_gmt":"2026-07-24T09:29:39","guid":{"rendered":"https:\/\/www.vtmarkets.com\/jp-asia\/uncategorized\/51437\/"},"modified":"2026-07-24T09:29:39","modified_gmt":"2026-07-24T09:29:39","slug":"ecb%e3%80%81%e6%94%bf%e7%ad%96%e9%87%91%e5%88%a9%e3%82%92%e6%8d%ae%e3%81%88%e7%bd%ae%e3%81%8d%e3%80%80%e5%b8%82%e5%a0%b4%e3%81%af%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%ae%e6%89%8b%e6%8e%9b%e3%81%8b","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/51437\/","title":{"rendered":"ECB\u3001\u653f\u7b56\u91d1\u5229\u3092\u636e\u3048\u7f6e\u304d\u3000\u5e02\u5834\u306f\u5229\u4e0a\u3052\u306e\u624b\u639b\u304b\u308a\u3068\u306a\u308b\u30e6\u30fc\u30ed\u570f\u306e\u901f\u5831GDP\u3068\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3092\u6ce8\u8996"},"content":{"rendered":"

ECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u306f7\u670823\u65e5\u306e\u7406\u4e8b\u4f1a\u3067\u653f\u7b56\u91d1\u5229\u3092\u636e\u3048\u7f6e\u304d\u3001\u300c\u69d8\u5b50\u898b\u300d\u59ff\u52e2\u3092\u6539\u3081\u3066\u660e\u78ba\u306b\u3057\u305f\u3002\u4eca\u5f8c\u306e\u8ffd\u52a0\u63aa\u7f6e\u306f\u3001\u9ad8\u6b62\u307e\u308a\u3059\u308b\u539f\u6cb9\u4fa1\u683c\u306e\u6301\u7d9a\u671f\u9593\u3068\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057\u306b\u5de6\u53f3\u3055\u308c\u308b\u3068\u306e\u7acb\u5834\u3060\u3002\u30e6\u30fc\u30ed\u570f\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f2026\u5e74\u521d\u306b\u4e00\u6642\u76ee\u6a19\u3092\u3084\u3084\u4e0b\u56de\u3063\u305f\u3082\u306e\u306e\u3001\u6e7e\u5cb8\u3067\u306e\u539f\u6cb9\u5c01\u9396\u3092\u53d7\u3051\u30663\u6708\u4ee5\u964d\u306b\u518d\u52a0\u901f\u3002\u305d\u306e\u5f8c\u30013\u5e74\u3076\u308a\u306e\u5229\u4e0a\u3052\u5b9f\u65bd\u3092\u7d4c\u305f\u5148\u6708\u306f\u60f3\u5b9a\u4ee5\u4e0a\u306b\u920d\u5316\u3057\u30012.8%\u3068\u306a\u3063\u305f\u3002\u5e02\u5834\u306e\u7126\u70b9\u306f\u30017\u670830\u65e5\u306e4-6\u6708\u671f\uff08Q2\uff09\u901f\u5831GDP\uff08\u4e8b\u524d\u4e88\u60f30.1%\uff09\u3068\u30017\u670831\u65e5\u306e\u901f\u5831\u30a4\u30f3\u30d5\u30ec\uff08\u540c\u7d043%\uff09\u306b\u79fb\u3063\u3066\u304a\u308a\u3001\u3053\u308c\u3089\u304c9\u6708\u306b2.65%\u3078\u306e\u8ffd\u52a0\u5229\u4e0a\u3052\u3092\u7e54\u308a\u8fbc\u3080\u5ea6\u5408\u3044\u3092\u5de6\u53f3\u3057\u305d\u3046\u3060\u3002<\/p>\n

\u6210\u9577\u306f\u306a\u304a\u5f31\u304f\u30012023\u5e74\u4ee5\u964d\u306f\u505c\u6ede\u306a\u3044\u3057\u505c\u6ede\u306b\u8fd1\u3044\u56db\u534a\u671f\u304c3\u671f\u7d9a\u3044\u3066\u304a\u308a\u3001\u7c73\u56fd\u3068\u306e\u653f\u7b56\u5224\u65ad\u306e\u30c8\u30ec\u30fc\u30c9\u30aa\u30d5\u3092\u4e00\u6bb5\u3068\u96e3\u3057\u304f\u3057\u3066\u3044\u308b\u3002EUR\/GBP\u3067\u306f\u4f1a\u5408\u5f8c\u306b\u30e6\u30fc\u30ed\u304c\u8edf\u5316\u3057\u3001\u4e0b\u5024\u306e\u3081\u3069\u3068\u3057\u306661.8%\u30d5\u30a3\u30dc\u30ca\u30c3\u30c1\u623b\u3057\u306e\u7d0484.7\u30da\u30f3\u30b9\u3001\u76ee\u5148\u306e\u4e0a\u5024\u306e\u58c1\u3068\u3057\u306620\u65e5\u5358\u7d14\u79fb\u52d5\u5e73\u5747\uff08SMA\uff09\u306e\u7d0485.2\u30da\u30f3\u30b9\u304c\u610f\u8b58\u3055\u308c\u308b\u3002\u4e0a\u5024\u62b5\u6297\u306f38.2%\u30d5\u30a3\u30dc\uff0886\u30da\u30f3\u30b9\u8fd1\u8fba\uff09\u3067\u3001\u3084\u3084\u4e0a\u306b\u4f4d\u7f6e\u3059\u308b\u3002EUR\/JPY\u306f7\u670823\u65e5\u306b\u7d043\u30ab\u6708\u3076\u308a\u9ad8\u5024\u3092\u4ed8\u3051\u3001\u4e00\u6642188\u5186\u624b\u524d\u307e\u3067\u4e0a\u6607\u3057\u305f\u304c\u3001\u8cb7\u308f\u308c\u904e\u304e\u30b7\u30b0\u30ca\u30eb\u3082\u70b9\u706f\u3002\u79fb\u52d5\u5e73\u5747\u7dda\u306f185.30\u5186\u8fd1\u8fba\u306b\u96c6\u4e2d\u3057\u3001200\u65e5SMA\u306f6\u670824\u65e5\u30687\u67082\u65e5\u306b\u4e0b\u652f\u3048\u3068\u3057\u3066\u6a5f\u80fd\u3057\u305f\u3002<\/p>\n

Volatility Risks and Eurozone Macro Outlook<\/h3>\n

\u5f53\u793e\u3067\u306f\u3001ECB\u306e\u5229\u4e0b\u3052\u898b\u9001\u308a\u3092\u53d7\u3051\u3001\u5411\u3053\u3046\u6570\u9031\u9593\u306f\u5927\u304d\u306a\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306b\u5099\u3048\u308b\u3088\u3046\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u53d6\u5f15\u53c2\u52a0\u8005\u306b\u52a9\u8a00\u3059\u308b\u3002\u30e6\u30fc\u30ed\u76f8\u5834\u306e\u4e3b\u306a\u6750\u6599\u306f\u30017\u670830\u65e5\u306e\u30e6\u30fc\u30ed\u570fQ2\u901f\u5831GDP\u3068\u30017\u670831\u65e5\u306e\u901f\u5831\u30a4\u30f3\u30d5\u30ec\u3068\u306a\u308b\u3002\u3053\u308c\u3089\u306e\u7d50\u679c\u6b21\u7b2c\u3067\u3001\u5e02\u5834\u304c9\u6708\u306e2.65%\u3078\u306e\u5229\u4e0a\u3052\u3092\u5f15\u304d\u7d9a\u304d\u7e54\u308a\u8fbc\u3080\u304b\u3069\u3046\u304b\u304c\u6c7a\u307e\u308b\u3002<\/p>\n

\u30e6\u30fc\u30ed\u570f\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u5148\u67082.8%\u3078\u4f4e\u4e0b\u3057\u305f\u3082\u306e\u306e\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u4f9b\u7d66\u4e0d\u5b89\u304c\u7d9a\u304f\u4e2d\u3067\u30013.0%\u3078\u306e\u53cd\u767a\u304c\u3042\u308a\u5f97\u308b\u3068\u306e\u4e88\u6e2c\u304c\u51fa\u3066\u3044\u308b\u3002\u4e00\u65b9\u3001\u30e6\u30fc\u30ed\u570f\u666f\u6c17\u306f\u505c\u6ede\u3057\u3066\u304a\u308a\u3001Q2\u306eGDP\u6210\u9577\u7387\u306f\u3001\u8907\u6570\u56db\u534a\u671f\u306b\u308f\u305f\u308b\u30bc\u30ed\u8fd1\u508d\u6210\u9577\u306e\u5f8c\u30670.1%\u306b\u3068\u3069\u307e\u308b\u898b\u901a\u3057\u3060\u3002\u5f53\u793e\u306f\u3001\u3053\u3046\u3057\u305f\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u660e\u78ba\u306a\u8105\u5a01\u306b\u3088\u308a\u3001ECB\u306f\u8ffd\u52a0\u5229\u4e0a\u3052\u306b\u6975\u3081\u3066\u614e\u91cd\u306b\u306a\u308b\u3068\u307f\u3066\u3044\u308b\u3002<\/p>\n

Technical Outlook for EUR\/GBP and EUR\/JPY<\/h3>\n

EUR\/GBP\u306b\u3064\u3044\u3066\u306f\u3001\u82f1\u56fd\u306e\u6210\u9577\u30fb\u96c7\u7528\u6307\u6a19\u304c\u76f8\u5bfe\u7684\u306b\u5f37\u304f\u30dd\u30f3\u30c9\u512a\u4f4d\u3068\u306a\u308a\u3084\u3059\u3044\u3053\u3068\u304b\u3089\u3001\u8db3\u5143\u306e\u4e0a\u6607\u30e2\u30e1\u30f3\u30bf\u30e0\u306f\u5931\u901f\u3059\u308b\u3068\u4e88\u60f3\u3059\u308b\u3002\u30c6\u30af\u30cb\u30ab\u30eb\u9762\u3067\u306f\u300120\u65e5SMA\u306e0.852\u30dd\u30f3\u30c9\u304c\u52d5\u7684\u306a\u4e0a\u5024\u62b5\u6297\u3068\u3057\u3066\u610f\u8b58\u3055\u308c\u308b\u4e00\u65b9\u300161.8%\u30d5\u30a3\u30dc\u30ca\u30c3\u30c1\u6c34\u6e96\u306e0.847\u30dd\u30f3\u30c9\u304c\u4e3b\u8981\u306a\u4e0b\u5024\u652f\u6301\u3068\u3057\u3066\u5805\u8abf\u306b\u7dad\u6301\u3055\u308c\u3066\u3044\u308b\u3002\u4e0a\u5024\u3092\u30d6\u30ec\u30a4\u30af\u3067\u304d\u306a\u3044\u5834\u5408\u3001\u7279\u306b\u6765\u9031\u306e\u30a4\u30f3\u30b0\u30e9\u30f3\u30c9\u9280\u884c\uff08BOE\uff09\u4f1a\u5408\u3092\u63a7\u3048\u308b\u4e2d\u3067\u3001\u30b5\u30dd\u30fc\u30c8\u6c34\u6e96\u3078\u5411\u3051\u305f\u3058\u308a\u5b89\u304c\u60f3\u5b9a\u3055\u308c\u308b\u3002<\/p>\n

EUR\/JPY\u306f\u3001\u65e5\u9280\u304c\u5f15\u304d\u7de0\u3081\u306b\u6d88\u6975\u7684\u306a\u59ff\u52e2\u3092\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u3092\u80cc\u666f\u306b\u3001188\u5186\u624b\u524d\u306e3\u30ab\u6708\u9ad8\u5024\u570f\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002\u305f\u3060\u3057\u3001\u30e2\u30e1\u30f3\u30bf\u30e0\u6307\u6a19\u306f\u5f37\u3044\u8cb7\u308f\u308c\u904e\u304e\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u77ed\u671f\u7684\u306a\u8abf\u6574\u304c\u5165\u308b\u53ef\u80fd\u6027\u306f\u9ad8\u3044\u3002\u4e0b\u65b9\u5411\u3078\u306e\u4fee\u6b63\u304c\u751f\u3058\u305f\u5834\u5408\u3067\u3082\u3001185.30\u5186\u8fd1\u8fba\u306b\u5bc6\u96c6\u3059\u308b\u79fb\u52d5\u5e73\u5747\u7dda\u304c\u300c\u5b89\u5168\u7db2\u300d\u3068\u3057\u3066\u4e0b\u652f\u3048\u306b\u306a\u308b\u516c\u7b97\u304c\u5927\u304d\u3044\u3002<\/p>\n

\u4eca\u5f8c\u6570\u9031\u9593\u306f\u3001\u660e\u78ba\u306a\u30ea\u30b9\u30af\u4e0a\u9650\u3092\u8a2d\u5b9a\u3057\u305f\u3046\u3048\u3067\u30e6\u30fc\u30ed\u30af\u30ed\u30b9\u3092\u53d6\u5f15\u3057\u30017\u670830\u301c31\u65e5\u306e\u6307\u6a19\u516c\u8868\u524d\u5f8c\u306e\u30d6\u30ec\u30a4\u30af\u30a2\u30a6\u30c8\u6226\u7565\u306b\u6ce8\u529b\u3059\u308b\u3053\u3068\u3092\u63a8\u5968\u3059\u308b\u3002\u6b74\u53f2\u7684\u306b\u3001\u6210\u9577\u505c\u6ede\u3068\u30a4\u30f3\u30d5\u30ec\u4e0a\u632f\u308c\u304c\u540c\u6642\u306b\u8d77\u304d\u308b\u5c40\u9762\u3067\u306f\u3001\u70ba\u66ff\u304c\u6025\u6fc0\u304b\u3064\u4e0d\u898f\u5247\u306b\u632f\u308c\u3084\u3059\u3044\u3002\u6a5f\u52d5\u7684\u306b\u5bfe\u5fdc\u3059\u308b\u3053\u3068\u3067\u3001ECB\u3068\u65e5\u9280\u53cc\u65b9\u306e\u91d1\u878d\u653f\u7b56\u671f\u5f85\u306e\u6025\u5909\u3092\u53ce\u76ca\u6a5f\u4f1a\u306b\u3064\u306a\u3052\u3084\u3059\u304f\u306a\u308b\u3002<\/p>\n\n\n\n

\u4eca\u3059\u3050\u53d6\u5f15\u3092\u59cb\u3081\u307e\u3057\u3087\u3046 \u2014 VT Markets\u306e\u30ea\u30a2\u30eb\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b\u306b\u306f\u3053\u3061\u3089<\/a>\u3092\u30af\u30ea\u30c3\u30af\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

ECB\u306f\u91d1\u5229\u636e\u3048\u7f6e\u304d\u3067\u69d8\u5b50\u898b\u9bae\u660e\u3002\u539f\u6cb9\u9ad8\u3068\u30a4\u30f3\u30d5\u30ec\u6b21\u7b2c\u30679\u6708\u5229\u4e0a\u3052\u89b3\u6e2c\u304c\u63fa\u308c\u308b\u30027\/30GDP\u30fb7\/31\u7269\u4fa1\u304c\u76f8\u5834\u306e\u5206\u6c34\u5dba\u3001\u30e6\u30fc\u30ed\u306f\u9ad8\u30dc\u30e9\u8b66\u6212\u3002<\/p>\n","protected":false},"author":87,"featured_media":49716,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-51437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t