{"id":40164,"date":"2026-03-16T13:01:01","date_gmt":"2026-03-16T13:01:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/40164\/"},"modified":"2026-03-16T13:01:01","modified_gmt":"2026-03-16T13:01:01","slug":"dbs-%e7%9a%84-philip-wee-%e8%a1%a8%e7%a4%ba%e7%be%8e%e5%85%83-%e6%97%a5%e5%9c%93%e6%8e%a5%e8%bf%91-160%ef%bc%9b%e6%97%a5%e6%9c%ac%e8%88%87%e5%8d%97%e9%9f%93%e7%99%bc%e5%87%ba%e8%ad%a6%e5%91%8a","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/40164\/","title":{"rendered":"DBS \u7684 Philip Wee \u8868\u793a\u7f8e\u5143\/\u65e5\u5713\u63a5\u8fd1 160\uff1b\u65e5\u672c\u8207\u5357\u97d3\u767c\u51fa\u8b66\u544a\uff0c\u800c\u65e5\u672c\u592e\u884c\u53ef\u80fd\u610f\u5916\u5347\u606f"},"content":{"rendered":"\u7f8e\u5143\uff0f\u65e5\u5713\uff08USD\/JPY\uff09\u63a5\u8fd1 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\u4ee5\u4e0a\uff0c\u986f\u793a\u4e0d\u78ba\u5b9a\u6027\u5f88\u9ad8\u3002\u4ea4\u6613\u8005\u61c9\u907f\u514d\u5728\u516c\u544a\u524d\u53ea\u55ae\u7d14\u62b1\u300c\u505a\u591a\u7f8e\u5143\uff0f\u505a\u7a7a\u65e5\u5713\u300d\u7684\u90e8\u4f4d\uff0c\u56e0\u70ba\u4e00\u65e6\u5347\u606f\uff0c\u532f\u50f9\u53ef\u80fd\u5feb\u901f\u53cd\u5411\u4e0b\u8dcc\uff08\u4e5f\u5c31\u662f\u7f8e\u5143\uff0f\u65e5\u5713\u4e0b\u8dcc\u3001\u65e5\u5713\u8f49\u5f37\uff09\u3002\n\n\u5373\u4f7f BOJ \u66ab\u6642\u4e0d\u52d5\uff0c\u4ecd\u8981\u6e96\u5099\u597d\u65e5\u672c\u8ca1\u52d9\u7701\uff08Ministry of Finance\uff1a\u65e5\u672c\u8ca0\u8cac\u5916\u532f\u653f\u7b56\u8207\u5e72\u9810\u7684\u4e3b\u8981\u6a5f\u95dc\uff09\u7368\u7acb\u51fa\u624b\u3002\u4e3b\u7ba1\u6a5f\u95dc\u64d4\u5fc3\u80fd\u6e90\u50f9\u683c\u504f\u9ad8\u6703\u5e36\u4f86\u66f4\u591a\u901a\u81a8\uff0c\u56e0\u6b64\u6709\u52d5\u6a5f\u634d\u885b\u8ca8\u5e63\u3002\u8cb7\u9032\u300c\u50f9\u5916\u65e5\u5713\u8cb7\u6b0a\u300d\uff08out-of-the-money JPY 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\u5e74\uff0c\u7576\u65e5\u5713\u504f\u5f31\u6210\u70ba\u653f\u6cbb\u554f\u984c\u6642\uff0c\u7576\u5c40\u66fe\u4ee5\u300c\u8cb7\u65e5\u5713\u300d\u65b9\u5f0f\u9032\u5834\uff0c\u56e0\u6b64\u4e0d\u53ea\u662f\u53e3\u982d\u5a01\u8105\u3002\u8fd1\u671f\u7f8e\u570b\u5546\u54c1\u671f\u8ca8\u4ea4\u6613\u59d4\u54e1\u6703\uff08CFTC\uff09\u7684\u8cc7\u6599\u986f\u793a\uff0c\u6295\u6a5f\u8cc7\u91d1\u5c0d\u65e5\u5713\u7684\u300c\u6de8\u7a7a\u55ae\u300d\uff08speculative net short positions\uff1a\u62bc\u6ce8\u65e5\u5713\u4e0b\u8dcc\u7684\u90e8\u4f4d\uff0c\u6263\u6389\u62bc\u6ce8\u4e0a\u6f32\u7684\u90e8\u4f4d\u5f8c\u7684\u7d50\u679c\uff09\u589e\u52a0\u5230\u53bb\u5e74\u521d\u4ee5\u4f86\u6700\u9ad8\uff0c\u5f62\u6210\u300c\u64c1\u64e0\u4ea4\u6613\u300d\uff08crowded trade\uff1a\u592a\u591a\u4eba\u7ad9\u540c\u4e00\u908a\uff0c\u5bb9\u6613\u88ab\u53cd\u5411\u884c\u60c5\u64e0\u58d3\uff09\u4e14\u5bb9\u6613\u5287\u70c8\u53cd\u8f49\u3002\u65e5\u672c\u300c\u6838\u5fc3\u901a\u81a8\u300d\uff08core 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