{"id":46849,"date":"2026-05-06T15:49:21","date_gmt":"2026-05-06T15:49:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46849\/"},"modified":"2026-05-06T15:49:21","modified_gmt":"2026-05-06T15:49:21","slug":"%e6%97%a5%e5%9c%93%e6%b3%a2%e5%8b%95%e5%86%8d%e6%8e%80%e5%b9%b2%e9%a0%90%e6%86%a7%e6%86%ac%e3%80%80%e7%be%8e%e5%85%83%e5%85%8c%e6%97%a5%e5%9c%93%e9%9c%87%e7%9b%aa%e3%80%80%e5%a5%97%e6%81%af%e4%ba%a4","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/46849\/","title":{"rendered":"\u65e5\u5713\u6ce2\u52d5\u518d\u6380\u5e72\u9810\u61a7\u61ac\u3000\u7f8e\u5143\u514c\u65e5\u5713\u9707\u76ea\u3000\u5957\u606f\u4ea4\u6613\u8005\u8f49\u8da8\u5be9\u614e"},"content":{"rendered":"

\u7f8e\u5143\u514c\u65e5\u5713\uff08USD\/JPY\uff09\u8dcc\u81f3155.04\uff0c\u65e5\u5713\u4e00\u5ea6\u5347\u6700\u591a1.8%\uff0c\u5275\u5169\u500b\u6708\u9ad8\u4f4d\uff0c\u5176\u5f8c\u90e8\u5206\u56de\u5410\u3002\u8a72\u8d70\u52e2\u4ee4\u5e02\u5834\u518d\u5ea6\u8ac7\u8ad6\u65e5\u672c\u5b98\u65b9\u6216\u51fa\u624b\u5e72\u9810\uff08\u5373\u653f\u5e9c\u6216\u592e\u884c\u5165\u5e02\u8cb7\u8ce3\u5916\u532f\u4ee5\u5f71\u97ff\u532f\u50f9\uff09\uff0c\u60df\u66ab\u672a\u6709\u884c\u52d5\u7372\u78ba\u8a8d\u3002<\/p>\n

\u5e02\u5834\u5f62\u5bb9\u6b64\u8209\u8207\u963b\u6b62USD\/JPY\u5411160\u63a8\u9032\u3001\u4ee5\u53ca\u5687\u963b\u62bc\u6ce8\u65e5\u5713\u4e0b\u8dcc\u7684\u6295\u6a5f\u5009\u4f4d\uff08\u5373\u77ed\u5009\u65e5\u5713\uff0f\u505a\u7a7a\u65e5\u5713\uff09\u4e00\u81f4\u3002\u4e8b\u4ef6\u53cd\u6620\u7576\u5c40\u4ecd\u805a\u7126\u532f\u7387\u7a69\u5b9a\u3002<\/p>\n

\u5e72\u9810\u98a8\u96aa\u518d\u73fe<\/h3>\n

\u64da\u5831\u7f8e\u5143\u4e0b\u8dcc\uff0c\u5e02\u5834\u8a8d\u70ba\u65e5\u672c\u518d\u5ea6\u7591\u4f3c\u9032\u884c\u5e72\u9810\u3002\u6cb9\u50f9\u4e0b\u632b5%\uff0c\u56e0\u5e02\u5834\u61a7\u61ac\u970d\u723e\u6728\u8332\u6d77\u5cfd\u53ef\u91cd\u958b\u822a\u904b\uff08\u5373\u4e2d\u6771\u91cd\u8981\u77f3\u6cb9\u904b\u8f38\u822a\u9053\u6062\u5fa9\u901a\u884c\uff09\u3002<\/p>\n

\u65e5\u5713\u6ce2\u52d5\uff08\u5373\u532f\u50f9\u77ed\u6642\u9593\u5927\u5e45\u4e0a\u843d\uff09\u8207\u5e72\u9810\u98a8\u96aa\uff0c\u88ab\u6307\u8207\u5e02\u5834\u5c0d\u65e5\u672c\u9996\u76f8\u9ad8\u5e02\u65e9\u82d7\u63d0\u51fa\u300c\u8ca0\u8cac\u4efb\u7684\u984d\u5916\u9810\u7b97\u300d\u8a08\u5283\u7684\u7591\u616e\u6709\u95dc\u3002\u300c\u984d\u5916\u9810\u7b97\u300d\u4e00\u822c\u6307\u5728\u539f\u6709\u5e74\u5ea6\u9810\u7b97\u4ee5\u5916\u8ffd\u52a0\u7684\u653f\u5e9c\u958b\u652f\u65b9\u6848\u3002\u300c\u8ca0\u8cac\u4efb\u300d\u901a\u5e38\u4ee3\u8868\u8072\u7a31\u6703\u517c\u9867\u8ca1\u653f\u7d00\u5f8b\uff0c\u4f46\u5be6\u969b\u53d6\u6c7a\u65bc\u8cc7\u91d1\u4f86\u6e90\u8207\u898f\u6a21\u3002\u6587\u7ae0\u7a31\u4ee5\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u5de5\u5177\u88fd\u4f5c\uff0c\u4e26\u7d93\u7de8\u8f2f\u5be9\u95b1\u3002<\/p>\n

\u76ee\u524dUSD\/JPY\u6b63\u903c\u8fd1168.50\uff0c\u5e02\u5834\u51fa\u73fe\u9700\u8981\u63d0\u9ad8\u8b66\u60d5\u7684\u719f\u6089\u5f62\u614b\uff0c\u60c5\u6cc1\u82072025\u5e74\u532f\u50f9\u63a5\u8fd1160\u3001\u7576\u5c40\u5f37\u529b\u5165\u5e02\u6642\u76f8\u4f3c\u3002\u7576\u5e74\u7684\u5e72\u9810\u5c6c\u91cd\u8981\u8b66\u865f\uff0c\u7279\u5225\u662f\u6301\u6709\u7f8e\u5143\u514c\u65e5\u5713\u9577\u5009\uff08\u5373\u8cb7\u7f8e\u5143\u3001\u6cbd\u65e5\u5713\uff09\u7684\u6295\u8cc7\u8005\u3002<\/p>\n

\u57fa\u672c\u9762\u58d3\u529b\u672a\u8b8a\uff0c\u7f8e\u570b\u806f\u5132\u5c40\u5229\u73875.25%\u8207\u65e5\u672c\u592e\u884c0.10%\u7684\u5927\u5e45\u606f\u5dee\uff0c\u5438\u5f15\u5e02\u5834\u62bc\u6ce8\u65e5\u5713\u8d70\u5f31\u3002\u9019\u4ee4\u300c\u5957\u606f\u4ea4\u6613\u300d\uff08carry trade\uff0c\u5373\u501f\u5165\u4f4e\u606f\u8ca8\u5e63\u5982\u65e5\u5713\u3001\u63db\u6210\u9ad8\u606f\u8ca8\u5e63\u6295\u8cc7\u4ee5\u8cfa\u53d6\u5229\u5dee\uff09\u770b\u4f3c\u6709\u5229\uff0c\u4f46\u98a8\u96aa\u5f88\u9ad8\u3002\u4e00\u65e6\u5b98\u65b9\u51fa\u624b\uff0c\u539f\u672c\u770b\u4f3c\u7a69\u5b9a\u7684\u6536\u76ca\u53ef\u80fd\u5728\u6578\u5c0f\u6642\u5167\u88ab\u62b9\u53bb\u3002<\/p>\n

\u671f\u6b0a\u5c0d\u6c96\u8003\u616e<\/h3>\n

\u5c0d\u884d\u751f\u5de5\u5177\uff08derivatives\uff0c\u5373\u50f9\u503c\u53d6\u6c7a\u65bc\u76f8\u95dc\u8cc7\u7522\u5982\u532f\u7387\u7684\u91d1\u878d\u5408\u7d04\uff09\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u7576\u524d\u74b0\u5883\u4e0b\u300c\u96b1\u542b\u6ce2\u52d5\u7387\u300d\uff08implied volatility\uff0c\u5373\u7531\u671f\u6b0a\u50f9\u683c\u63a8\u7b97\u5e02\u5834\u9810\u671f\u672a\u4f86\u6ce2\u5e45\u7684\u6307\u6a19\uff09\u504f\u9ad8\u5c6c\u5408\u7406\u3002\u8cb7\u5165USD\/JPY\u300c\u50f9\u5916\u300d\u8a8d\u6cbd\u671f\u6b0a\uff08out-of-the-money puts\uff0c\u5373\u884c\u4f7f\u50f9\u4f4e\u65bc\u73fe\u50f9\u3001\u5e73\u6642\u8f03\u4fbf\u5b9c\u4f46\u9700\u5927\u8dcc\u624d\u986f\u8457\u7372\u5229\uff09\u53ef\u4f5c\u5be9\u614e\u5c0d\u6c96\uff0c\u4ee5\u9632\u532f\u50f9\u7a81\u7136\u6025\u8dcc\u3002\u76f8\u95dc\u671f\u6b0a\u53ef\u5728\u532f\u50f9\u51fa\u73fe\u985e\u4f3c2025\u5e744\u6708\u5e95\u7531160\u6025\u8dcc\u81f3155\u7684\u8d70\u52e2\u6642\u63d0\u4f9b\u4fdd\u969c\u3002<\/p>\n

\u5e02\u5834\u9700\u7559\u610f2025\u5e74\u5e72\u9810\u671f\u9593\u8d70\u52e2\u4e4b\u5feb\uff1a\u65e5\u5713\u55ae\u65e5\u5347\u5e45\u903e3%\u3002\u5176\u5f8c\u5b98\u65b9\u6578\u64da\u986f\u793a\uff0c\u65e5\u672c\u7576\u6708\u52d5\u7528\u5275\u7d00\u93049.79\u842c\u5104\u65e5\u5713\uff08613\u5104\u7f8e\u5143\uff09\u652f\u6301\u65e5\u5713\uff08\u5373\u5728\u5916\u532f\u5e02\u5834\u8cb7\u5165\u65e5\u5713\u3001\u6cbd\u51fa\u5916\u532f\uff09\u3002\u82e5\u73fe\u6c34\u5e73\u518d\u51fa\u73fe\u985e\u4f3c\u6ce2\u5e45\uff0cUSD\/JPY\u6216\u53ef\u56de\u843d\u81f3162.00\u9644\u8fd1\uff0c\u62b9\u53bb\u6578\u5468\u5229\u6f64\u3002<\/p>\n

\u56e0\u6b64\uff0c\u5c0d\u672a\u4f5c\u5c0d\u6c96\u7684\u6295\u6a5f\u6027\u300c\u6cbd\u65e5\u5713\u300d\u5009\u4f4d\uff08\u5373\u62bc\u6ce8\u65e5\u5713\u4e0b\u8dcc\u7684\u5009\u4f4d\uff09\u800c\u8a00\uff0c\u73fe\u6642\u98a8\u96aa\u56de\u5831\u4e0d\u5438\u5f15\u3002\u96d6\u7136\u5957\u606f\u6536\u76ca\u5177\u8a98\u60d1\uff0c\u4f46\u7a81\u767c\u5927\u5e45\u4e0b\u8dcc\u7684\u98a8\u96aa\u9ad8\u65bc\u6bcf\u65e5\u7d2f\u7a4d\u7684\u5c0f\u5e45\u6536\u76ca\u3002\u5efa\u8b70\u4ea4\u6613\u8005\u964d\u4f4e\u5009\u4f4d\uff0c\u6216\u63a1\u7528\u5177\u4fdd\u8b77\u6027\u7684\u671f\u6b0a\u7b56\u7565\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u65e5\u5713\u6025\u6ce2\u52d5\u518d\u89f8\u767c\u65e5\u672c\u6216\u51fa\u624b\u5e72\u9810\u61a7\u61ac\uff1b\u7f8e\u5143\u514c\u65e5\u5713\u9ad8\u4f4d\u9707\u76ea\u52a0\u5287\u3002\u5957\u606f\u4ea4\u6613\u8005\u8f49\u8da8\u5be9\u614e\u6e1b\u5009\uff0c\u5e02\u5834\u5c4f\u606f\u95dc\u6ce8\u653f\u7b56\u8a0a\u865f\u8207\u8cc7\u91d1\u6d41\u5411\u8b8a\u5316\u5f8c\u5e02\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-46849","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\/wp-json\/wp\/v2\/posts\/46849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=46849"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/46849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=46849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=46849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=46849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}