{"id":40648,"date":"2026-03-21T02:59:13","date_gmt":"2026-03-21T02:59:13","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/40648\/"},"modified":"2026-03-21T02:59:13","modified_gmt":"2026-03-21T02:59:13","slug":"%e6%97%a5%e6%9c%ac-cftc-%e6%97%a5%e5%9c%93%ef%bc%88jpy%ef%bc%89%e9%9d%9e%e5%95%86%e6%a5%ad%e6%b7%a8%e6%8c%81%e5%80%89%e9%99%8d%e8%87%b3-67-8k%ef%bc%8c%e5%89%8d%e5%80%bc%e7%82%ba-41-4k","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/40648\/","title":{"rendered":"\u65e5\u672c CFTC \u65e5\u5713\uff08JPY\uff09\u975e\u5546\u696d\u6de8\u6301\u5009\u964d\u81f3 -67.8K\uff0c\u524d\u503c\u70ba -41.4K"},"content":{"rendered":"\u65e5\u672c CFTC\uff08\u7f8e\u570b\u5546\u54c1\u671f\u8ca8\u4ea4\u6613\u59d4\u54e1\u6703\uff09\u6578\u64da\u986f\u793a\uff0c\u65e5\u5713\uff08JPY\uff09\u975e\u5546\u696d\uff08\u6295\u6a5f\uff09\u6de8\u90e8\u4f4d\u5f9e \u00a5-41.4K \u964d\u81f3 \u00a5-67.8K\u3002\n\n\u9019\u8868\u793a\u76f8\u8f03\u4e0a\u4e00\u500b\u7533\u5831\u671f\uff0c\u65e5\u5713\u7684\u6de8\u7a7a\u982d\uff08\u770b\u8dcc\uff09\u90e8\u4f4d\u66f4\u5927\u3002\n\n<h3>\u65e5\u5713\u770b\u8dcc\u90e8\u4f4d\u52a0\u6df1<\/h3>\n\u6211\u5011\u770b\u5230\u5e02\u5834\u5c0d\u65e5\u5713\u7684\u770b\u8dcc\u60c5\u7dd2\u660e\u986f\u5347\u6eab\u3002\u6295\u6a5f\u8005\u6301\u6709\u7684\u6de8\u7a7a\u982d\u90e8\u4f4d\u52a0\u6df1\u5230 -67.8K \u53e3\u5408\u7d04\uff0c\u4ee3\u8868\u5e02\u5834\u66f4\u6709\u628a\u63e1\u65e5\u5713\u6703\u7e7c\u7e8c\u8d70\u5f31\u3002\u9019\u662f\u500b\u660e\u78ba\u8a0a\u865f\uff1a\u50cf USD\/JPY\uff08\u7f8e\u5143\u514c\u65e5\u5713\uff09\u9019\u985e\u8ca8\u5e63\u5c0d\u66f4\u53ef\u80fd\u5f80\u4e0a\u8d70\u3002\n\n\u9020\u6210\u9019\u7a2e\u90e8\u4f4d\u914d\u7f6e\u7684\u4e3b\u8981\u539f\u56e0\uff0c\u4ecd\u662f\u5404\u570b\u592e\u884c\u653f\u7b56\u5dee\u7570\u5f88\u5927\u3002\u65e5\u672c\u592e\u884c\uff08Bank of Japan\uff0c\u8ca0\u8cac\u5236\u5b9a\u65e5\u672c\u5229\u7387\u8207\u8ca8\u5e63\u653f\u7b56\u7684\u4e2d\u592e\u9280\u884c\uff09\u5728\u6700\u8fd1 3 \u6708\u6703\u8b70\u7dad\u6301\u8d85\u5bec\u9b06\u8ca8\u5e63\u653f\u7b56\uff08\u7528\u4f4e\u5229\u7387\u8207\u5bec\u9b06\u8cc7\u91d1\u4f86\u523a\u6fc0\u7d93\u6fdf\uff09\uff0c\u4e3b\u8981\u5229\u7387\u4ecd\u5728 0.0%\u3002\u76f8\u8f03\u4e4b\u4e0b\uff0c\u7f8e\u570b 2026 \u5e74 2 \u6708 CPI\uff08\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\uff0c\u7528\u4f86\u8861\u91cf\u901a\u81a8\u7684\u6307\u6a19\uff09\u70ba 2.8%\uff0c\u8b93\u806f\u6e96\u6703\uff08Federal Reserve\uff0c\u7f8e\u570b\u4e2d\u592e\u9280\u884c\uff09\u653f\u7b56\u5229\u7387\u7dad\u6301\u5728 4.75%\u3002\n\n\u9019\u7a2e\u300c\u5229\u5dee\u300d\uff08\u5169\u570b\u5229\u7387\u5dee\u8ddd\uff09\u8b93\u653e\u7a7a\u65e5\u5713\u6210\u70ba\u5e38\u898b\u7684\u5957\u5229\u4ea4\u6613\uff08carry trade\uff1a\u501f\u5165\u4f4e\u5229\u7387\u8ca8\u5e63\u3001\u8cb7\u5165\u9ad8\u5229\u7387\u8cc7\u7522\u4f86\u8cfa\u53d6\u5229\u5dee\uff09\u3002\u76ee\u524d USD\/JPY \u7d04\u5728 155.20\uff0c\u8da8\u52e2\u4ecd\u660e\u78ba\u3002\u6211\u5011\u5728 2025 \u5e74\u5927\u90e8\u5206\u6642\u9593\u4e5f\u770b\u5230\u985e\u4f3c\u60c5\u6cc1\uff1a\u7a7a\u982d\u90e8\u4f4d\u6301\u7e8c\u589e\u52a0\uff0c\u63a8\u52d5\u532f\u50f9\u7a81\u7834\u91cd\u8981\u58d3\u529b\u4f4d\uff08\u50f9\u683c\u8f03\u96e3\u7a81\u7834\u7684\u5340\u57df\uff09\u3002\u9019\u4efd\u6578\u64da\u78ba\u8a8d\uff0c\u5927\u578b\u4ea4\u6613\u8005\u6b63\u5728\u52a0\u78bc\u62bc\u6ce8\u9019\u500b\u8da8\u52e2\u6703\u5ef6\u7e8c\u3002\n\n\u5c0d\u884d\u751f\u6027\u5546\u54c1\uff08derivatives\uff1a\u50f9\u503c\u8ddf\u8457\u6a19\u7684\u8cc7\u7522\u5982\u532f\u7387\u3001\u5229\u7387\u8b8a\u52d5\u7684\u5408\u7d04\uff09\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u9019\u4ee3\u8868\u8cb7\u5165 USD\/JPY \u7684\u8cb7\u6b0a\uff08call option\uff1a\u770b\u6f32\u9078\u64c7\u6b0a\uff0c\u652f\u4ed8\u6b0a\u5229\u91d1\u5f8c\u53ef\u5728\u5230\u671f\u524d\/\u5230\u671f\u65e5\u7528\u7d04\u5b9a\u50f9\u683c\u8cb7\u5165\uff09\u53ef\u80fd\u662f\u6293\u53d6\u4e0a\u884c\u540c\u6642\u9650\u5b9a\u98a8\u96aa\u7684\u65b9\u6cd5\u3002\u53e6\u4e00\u7a2e\u4f5c\u6cd5\u662f\u5728 JPY \u671f\u8ca8\uff08futures\uff1a\u6a19\u6e96\u5316\u5408\u7d04\uff0c\u7d04\u5b9a\u672a\u4f86\u4ee5\u56fa\u5b9a\u50f9\u683c\u8cb7\u8ce3\uff09\u4e0a\u5efa\u7acb\u770b\u8dcc\u7684\u9078\u64c7\u6b0a\u7b56\u7565\uff0c\u4f8b\u5982\u8ce3\u51fa\u8cb7\u6b0a\u50f9\u5dee\uff08call spread\uff1a\u540c\u6642\u8cb7\u5165\u8207\u8ce3\u51fa\u4e0d\u540c\u5c65\u7d04\u50f9\u7684\u8cb7\u6b0a\uff0c\u7528\u4f86\u9650\u5236\u98a8\u96aa\u8207\u6536\u76ca\uff09\uff0c\u4ee5\u9806\u52e2\u8ddf\u96a8\u6295\u6a5f\u52d5\u80fd\u3002\u90e8\u4f4d\u589e\u52a0\u53ef\u70ba\u62bc\u6ce8\u65e5\u5713\u7e8c\u8cb6\u7684\u7b56\u7565\u63d0\u4f9b\u52a9\u529b\u3002\n\n\u4f46\u4e5f\u8981\u5c0f\u5fc3\uff1a\u90e8\u4f4d\u904e\u5ea6\u504f\u5411\u540c\u4e00\u65b9\u5411\uff0c\u53ef\u80fd\u5f15\u767c\u5feb\u901f\u53cd\u8f49\u30022025 \u5e74\u5e95\u5c31\u51fa\u73fe\u904e\u76f8\u4f3c\u60c5\u6cc1\uff0c\u7576\u65e5\u672c\u8ca1\u52d9\u7701\uff08Ministry of Finance\uff0c\u8ca0\u8cac\u8ca1\u653f\u8207\u532f\u7387\u76f8\u95dc\u653f\u7b56\uff09\u91cb\u51fa\u53ef\u80fd\u5e72\u9810\u7684\u8b66\u544a\u6642\uff0c\u89f8\u767c\u4e86\u6025\u901f\u8f67\u7a7a\uff08short squeeze\uff1a\u7a7a\u982d\u88ab\u8feb\u56de\u88dc\uff0c\u63a8\u52d5\u50f9\u683c\u5feb\u901f\u53cd\u5411\u4e0a\u6f32\uff09\u3002\u56e0\u6b64\u5373\u4f7f\u8da8\u52e2\u660e\u78ba\uff0c\u4ecd\u61c9\u63a7\u7ba1\u98a8\u96aa\uff0c\u9632\u7bc4\u653f\u7b56\u63aa\u8fad\u7a81\u7136\u6539\u8b8a\u6216\u610f\u5916\u7d93\u6fdf\u6578\u64da\u9020\u6210\u6ce2\u52d5\u3002\n\n<h3>\u95dc\u9375\u98a8\u96aa\u53cd\u8f49\u89c0\u5bdf<\/h3>\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 &#8211; \u9ede\u64ca<a href=\"https:\/\/www.vtmarketsglobal.com\/trade-now\/\">\u9019\u88e1<\/a>\u5275\u5efa\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u6295\u6a5f\u8005\u65e5\u5713\u6de8\u7a7a\u982d\u64f4\u5927\u81f3-67.8K\uff0c\u62bc\u6ce8\u7e8c\u8cb6\u5347\u6eab\uff1b\u65e5\u7f8e\u5229\u5dee\u8207\u5957\u5229\u4ea4\u6613\u63a8\u5347USD\/JPY\u3002\u7136\u90e8\u4f4d\u904e\u5ea6\u96c6\u4e2d\uff0c\u653f\u7b56\u5e72\u9810\u8b66\u544a\u6050\u5f15\u767c\u6025\u901f\u53cd\u8f49\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40648","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\/zh-ca\/wp-json\/wp\/v2\/posts\/40648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=40648"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/40648\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=40648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=40648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=40648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}