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\u7f8e\u56fd\u526f\u603b\u7edfJD Vance\u4ee5\u53ca\u7279\u4f7fSteve Witkoff\u3001Jared Kushner\uff0c\u8ba1\u5212\u5468\u516d\u5728\u5df4\u57fa\u65af\u5766\u4e3e\u884c\u4f1a\u8c08\uff0c\u8ba8\u8bba\u4e0e\u4f0a\u6717\u8fbe\u6210\u53ef\u80fd\u7684\u957f\u671f\u534f\u8bae\u3002\u5728\u65e5\u672c\u65b9\u9762\uff0c\u9996\u76f8\u9ad8\u5e02\u65e9\u82d7\u8868\u793a\uff0c\u653f\u5e9c\u6b63\u8bc4\u4f30\u4ece5\u6708\u521d\u8d77\u91ca\u653e\u7ea620\u5929\u7528\u91cf\u7684\u989d\u5916\u77f3\u6cb9\u50a8\u5907\uff0c\u4ee5\u5728\u822a\u8fd0\u53d7\u6270\u4e4b\u9645\u7a33\u5b9a\u4f9b\u5e94\u3002<\/p>\n
\u5e02\u573a\u6b63\u5728\u8ba1\u5165\u65e5\u672c\u592e\u884c\uff08BoJ\uff0cBank of Japan\uff09\u57284\u6708\u4f1a\u8bae\u52a0\u606f\uff08\u63d0\u9ad8\u5229\u7387\uff09\u7684\u53ef\u80fd\u6027\uff0c\u8fd9\u53ef\u80fd\u652f\u6491\u65e5\u5143\u3002\u82b1\u65d7\u7814\u7a76\uff08Citi Research\uff09\u5206\u6790\u5e08Tomohisa Fujiki\u5c06\u8fd9\u79cd\u884c\u52a8\u7684\u6982\u7387\u4f30\u8ba1\u9ad8\u8fbe70%\u3002<\/p>\n
\u65e5\u5143\u8d70\u52bf\u4e3b\u8981\u53d7\u65e5\u672c\u7ecf\u6d4e\u8868\u73b0\u3001\u65e5\u672c\u592e\u884c\u653f\u7b56\uff0c\u4ee5\u53ca\u7f8e\u65e5\u56fd\u503a\u6536\u76ca\u7387\u5dee\uff08\u4e24\u56fd\u653f\u5e9c\u503a\u5238\u5229\u7387\u5dee\uff0c\u5e38\u7528\u4e8e\u5224\u65ad\u8d44\u91d1\u66f4\u504f\u597d\u54ea\u79cd\u8d27\u5e01\uff09\u5f71\u54cd\u3002\u5e02\u573a\u201c\u98ce\u9669\u504f\u597d\u201d\uff08\u6295\u8d44\u8005\u66f4\u6562\u627f\u62c5\u98ce\u9669\u8fd8\u662f\u66f4\u503e\u5411\u907f\u9669\uff09\u7684\u53d8\u5316\uff0c\u4e5f\u4f1a\u5e26\u6765\u6ce2\u52a8\u3002<\/p>\n
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\u5728\u5730\u7f18\u653f\u6cbb\u4e0e\u8d27\u5e01\u653f\u7b56\u4e24\u80a1\u529b\u91cf\u62c9\u626f\u4e0b\uff0c\u201c\u6ce2\u52a8\u7387\u201d\uff08volatility\uff0c\u4ef7\u683c\u6ce2\u52a8\u5e45\u5ea6\uff09\u5c06\u6210\u4e3a\u6838\u5fc3\u4e3b\u9898\u3002Cboe\u7684USD\/JPY\u6ce2\u52a8\u7387\u6307\u6570JYVIX\uff08\u8861\u91cf\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u9884\u671f\u7684\u6307\u6807\uff09\u5df2\u5347\u81f3\u81ea2025\u5e74\u672b\u5e02\u573a\u538b\u529b\u65f6\u671f\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u8fd9\u79cd\u73af\u5883\u4e0b\uff0c\u201c\u505a\u591a\u6ce2\u52a8\u201d\uff08long volatility\uff0c\u62bc\u6ce8\u672a\u6765\u5927\u5e45\u6ce2\u52a8\uff0c\u4e0d\u4e00\u5b9a\u62bc\u65b9\u5411\uff09\u7684\u7b56\u7565\u53ef\u80fd\u66f4\u5408\u9002\uff0c\u4f8b\u5982\u4e70\u5165\u8de8\u5f0f\u671f\u6743\uff08straddle\uff0c\u540c\u65f6\u4e70\u5165\u76f8\u540c\u884c\u6743\u4ef7\u7684\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u62bc\u6ce8\u5927\u6ce2\u52a8\uff09\u6216\u5bbd\u8de8\u5f0f\u671f\u6743\uff08strangle\uff0c\u4e70\u5165\u4e0d\u540c\u6267\u884c\u4ef7\u7684\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u6210\u672c\u901a\u5e38\u66f4\u4f4e\u4f46\u9700\u8981\u66f4\u5927\u6ce2\u52a8\uff09\u3002<\/p>\n
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