{"id":48304,"date":"2026-03-04T08:58:21","date_gmt":"2026-03-04T08:58:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/39157\/"},"modified":"2026-03-04T08:58:21","modified_gmt":"2026-03-04T08:58:21","slug":"%e6%97%a5%e6%9c%acjibun%e9%8a%80%e8%a1%8c%e6%9c%8d%e5%8b%99%e6%a5%adpmi%e6%96%bc2%e6%9c%88%e9%81%94%e5%88%b0%e9%a0%90%e6%9c%9f%e7%9a%8453-8%ef%bc%8c%e8%88%87%e5%b8%82%e5%a0%b4%e9%a0%90%e6%b8%ac","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/48304\/","title":{"rendered":"\u65e5\u672cJibun\u9280\u884c\u670d\u52d9\u696dPMI\u65bc2\u6708\u9054\u5230\u9810\u671f\u768453.8\uff0c\u8207\u5e02\u5834\u9810\u6e2c\u9ad8\u5ea6\u4e00\u81f4"},"content":{"rendered":"\u65e5\u672c 2 \u6708 Jibun Bank \u670d\u52d9\u696d PMI \u70ba 53.8\uff0c\u7b26\u5408\u9810\u671f\u3002\u6578\u503c\u9ad8\u65bc 50 \u4ee3\u8868\u6d3b\u52d5\u6210\u9577\uff1b\u4f4e\u65bc 50 \u4ee3\u8868\u6d3b\u52d5\u840e\u7e2e\u3002\n\n\u65e5\u672c 2 \u6708\u670d\u52d9\u696d PMI \u70ba 53.8\uff0c\u78ba\u8a8d\u570b\u5167\u7d93\u6fdf\u4ecd\u7136\u5f37\u52c1\u3002\u9019\u7a2e\u6301\u7e8c\u64f4\u5f35\u9032\u4e00\u6b65\u986f\u793a\u65e5\u672c\u592e\u884c\uff08BoJ\uff0c\u65e5\u672c\u7684\u4e2d\u592e\u9280\u884c\uff09\u6709\u7a7a\u9593\u7e7c\u7e8c\u8b93\u653f\u7b56\u56de\u5230\u6b63\u5e38\u6c34\u6e96\uff08\u6307\u9010\u6b65\u6e1b\u5c11\u5bec\u9b06\u3001\u8b93\u5229\u7387\u8207\u653f\u7b56\u5de5\u5177\u66f4\u63a5\u8fd1\u4e00\u822c\u72c0\u614b\uff09\u3002\u56e0\u6b64\uff0c\u6211\u5011\u61c9\u63d0\u9ad8\u5c0d\u4eca\u5e74\u7b2c\u4e8c\u5b63\u518d\u5ea6\u5347\u606f\uff08\u628a\u653f\u7b56\u5229\u7387\u8abf\u9ad8\uff09\u7684\u9810\u671f\u3002\n\n<h3>BoJ Policy Outlook<\/h3>\n\u9019\u4efd\u5f37\u52c1\u7684\u670d\u52d9\u696d\u6578\u64da\uff0c\u5ef6\u7e8c\u4e86 1 \u6708\u6838\u5fc3\u901a\u81a8\uff08\u6263\u9664\u6ce2\u52d5\u8f03\u5927\u7684\u9805\u76ee\uff0c\u7528\u4f86\u66f4\u6e05\u695a\u89c0\u5bdf\u7269\u50f9\u8da8\u52e2\uff09\u6578\u64da\u7684\u8d70\u52e2\uff1b\u7576\u6642\u6838\u5fc3\u901a\u81a8\u7dad\u6301\u5728 2.1%\uff0c\u4ecd\u9ad8\u65bc\u592e\u884c\u76ee\u6a19\u30022026 \u5e74\u6625\u5b63\u85aa\u8cc7\u5354\u5546\u76ee\u524d\u7684\u521d\u6b65\u5171\u8b58\u7d04\u70ba\u4e0a\u8abf 4.5%\uff0c\u986f\u793a\u5bb6\u5ead\u6536\u5165\u6709\u652f\u6490\uff0c\u570b\u5167\u9700\u6c42\uff08\u7531\u672c\u570b\u6d88\u8cbb\u8207\u6295\u8cc7\u5e36\u52d5\u7684\u9700\u6c42\uff09\u57fa\u790e\u7a69\u56fa\u3002\u9019\u8b93\u65e5\u672c\u592e\u884c\u6c7a\u7b56\u59d4\u54e1\u6703\u66f4\u6709\u7406\u7531\u63a1\u53d6\u66f4\u7dca\u7684\u8ca8\u5e63\u653f\u7b56\uff08\u900f\u904e\u63d0\u9ad8\u5229\u7387\u6216\u6e1b\u5c11\u5bec\u9b06\u4f86\u6291\u5236\u901a\u81a8\u3001\u964d\u4f4e\u904e\u71b1\uff09\u3002\n\n\u5c0d\u65bc\u4ea4\u6613\u5229\u7387\u884d\u751f\u54c1\uff08\u50f9\u683c\u8ddf\u5229\u7387\u8b8a\u52d5\u9023\u52d5\u7684\u91d1\u878d\u5de5\u5177\uff0c\u4f8b\u5982\u5229\u7387\u671f\u8ca8\u3001\u5229\u7387\u4ea4\u63db\u9078\u64c7\u6b0a\u7b49\uff09\u7684\u4eba\u4f86\u8aaa\uff0c\u9019\u4ee3\u8868\u6b96\u5229\u7387\u66f2\u7dda\uff08\u628a\u4e0d\u540c\u5230\u671f\u65e5\u50b5\u5238\u5229\u7387\u756b\u6210\u7684\u66f2\u7dda\uff09\u53ef\u80fd\u9032\u4e00\u6b65\u8b8a\u9661\uff08\u9577\u5929\u671f\u5229\u7387\u76f8\u5c0d\u77ed\u5929\u671f\u4e0a\u5347\u66f4\u591a\uff09\u3002\u5e02\u5834\u76ee\u524d\u5c0d 6 \u6708\u6703\u8b70\u5347\u606f\u6a5f\u7387\u7684\u5b9a\u50f9\u7d04 60%\uff0c\u53ef\u80fd\u504f\u4f4e\uff0c\u56e0\u6b64\u66f4\u53ef\u80fd\u5728 6 \u6708\u6703\u8b70\u524d\u5f8c\u5347\u606f\u3002\u9019\u4e5f\u8868\u793a\u65e5\u672c\u516c\u50b5\u6b96\u5229\u7387\uff08\u653f\u5e9c\u50b5\u5238\u7684\u5831\u916c\u7387\uff09\u5728\u672a\u4f86\u5e7e\u9031\u4ecd\u6709\u4e0a\u5347\u7a7a\u9593\u3002\n\n\u5728\u5916\u532f\u5e02\u5834\u65b9\u9762\uff0c\u9019\u7a2e\u524d\u666f\u6709\u5229\u65bc\u65e5\u5713\u3002\u7f8e\u5143\uff0f\u65e5\u5713\uff08USD\/JPY\uff0c\u8868\u793a\u7528\u591a\u5c11\u65e5\u5713\u514c\u63db 1 \u7f8e\u5143\uff09\u76ee\u524d\u5728 145 \u9644\u8fd1\u4ea4\u6613\uff1b\u82e5\u65e5\u672c\u592e\u884c\u7acb\u5834\u66f4\u504f\u5411\u7dca\u7e2e\uff08\u9df9\u6d3e\uff1a\u50be\u5411\u5347\u606f\u6253\u901a\u81a8\uff09\uff0c\u53ef\u80fd\u63a8\u52d5 USD\/JPY \u660e\u986f\u4e0b\u8dcc\u3002\u6211\u5011\u53ef\u8003\u616e\u8cb7\u9032 USD\/JPY \u7684\u8ce3\u6b0a\uff08Put\uff1a\u5728\u5230\u671f\u524d\u4ee5\u7d04\u5b9a\u50f9\u683c\u8ce3\u51fa\u7684\u6b0a\u5229\uff0c\u7528\u4f86\u62bc\u6ce8\u4e0b\u8dcc\u6216\u907f\u96aa\uff09\uff0c\u4ee5\u5e03\u5c40\u672a\u4f86\u4e00\u5b63\u65e5\u5713\u8f49\u5f37\u3002\n\n\u81f3\u65bc\u80a1\u7968\u884d\u751f\u54c1\uff08\u8207\u80a1\u7968\u6216\u6307\u6578\u9023\u52d5\u7684\u5de5\u5177\uff0c\u5982\u671f\u6b0a\u3001\u671f\u8ca8\uff09\u65b9\u9762\uff0c\u5373\u4f7f\u7d93\u6fdf\u5f37\u52c1\u4e5f\u8981\u66f4\u8b39\u614e\u30022025 \u5e74\u65e5\u7d93 225 \u66fe\u5927\u5e45\u4e0a\u6f32\u4e26\u7a81\u7834 45,000\uff0c\u4f46\u65e5\u5713\u8d70\u5f37\u53ef\u80fd\u5c0d\u65e5\u672c\u4e3b\u8981\u51fa\u53e3\u578b\u4f01\u696d\u4e0d\u5229\u3002\u8ce3\u51fa\u50f9\u5916\u8cb7\u6b0a\uff08out-of-the-money call\uff1a\u5c65\u7d04\u50f9\u9ad8\u65bc\u73fe\u50f9\u7684\u8cb7\u6b0a\uff0c\u901a\u5e38\u6b0a\u5229\u91d1\u8f03\u5c0f\uff0c\u7528\u4f86\u6536\u53d6\u6b0a\u5229\u91d1\u4e26\u964d\u4f4e\u4e0a\u6f32\u98a8\u96aa\uff09\u53ef\u80fd\u662f\u8f03\u7a69\u5065\u7684\u505a\u6cd5\uff0c\u7528\u4f86\u70ba\u65e2\u6709\u591a\u982d\u90e8\u4f4d\uff08\u770b\u591a\u3001\u6301\u6709\u4e0a\u6f32\u66dd\u96aa\uff09\u5c0d\u6c96\uff08\u907f\u958b\u3001\u964d\u4f4e\uff09\u532f\u7387\u98a8\u96aa\u3002\n\n<h3>Options And Hedging Considerations<\/h3>\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 &#8211; \u9ede\u64ca<a href=\"https:\/\/www.vtmarkets.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>\u65e5\u672c2\u6708\u670d\u52d9\u696dPMI 53.8\u5b88\u4f4f\u64f4\u5f35\uff0c\u71b1\u5ea6\u4e0d\u6e1b\uff01\u901a\u81a8\u8207\u52a0\u85aa\u6490\u9700\u6c42\uff0cBoJ\u6b63\u5e38\u5316\u7a7a\u9593\u5927\uff0cQ2\u5347\u606f\u6a5f\u7387\u4e0a\u8abf\uff1b\u5229\u7387\u66f2\u7dda\u8b8a\u9661\u3001\u6b96\u5229\u7387\u8d70\u9ad8\uff0c\u65e5\u5713\u770b\u5f37\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-48304","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\/48304","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=48304"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/48304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=48304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=48304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=48304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}