{"id":44738,"date":"2026-04-15T18:52:13","date_gmt":"2026-04-15T18:52:13","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%b8%a3%e6%89%93%e9%93%b6%e8%a1%8c%e9%a2%84%e8%ae%a1%e6%97%a5%e6%9c%ac2026%e5%b9%b4%e7%bb%8f%e6%b5%8e%e5%a2%9e%e9%95%bf%e4%b8%ba0-7%e3%80%81%e9%80%9a%e8%83%80%e7%8e%87%e4%b8%ba2-0%ef%bc%8c%e4%b8%bb\/"},"modified":"2026-04-15T18:52:13","modified_gmt":"2026-04-15T18:52:13","slug":"%e6%b8%a3%e6%89%93%e9%93%b6%e8%a1%8c%e9%a2%84%e8%ae%a1%e6%97%a5%e6%9c%ac2026%e5%b9%b4%e7%bb%8f%e6%b5%8e%e5%a2%9e%e9%95%bf%e4%b8%ba0-7%e3%80%81%e9%80%9a%e8%83%80%e7%8e%87%e4%b8%ba2-0%ef%bc%8c%e4%b8%bb","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%b8%a3%e6%89%93%e9%93%b6%e8%a1%8c%e9%a2%84%e8%ae%a1%e6%97%a5%e6%9c%ac2026%e5%b9%b4%e7%bb%8f%e6%b5%8e%e5%a2%9e%e9%95%bf%e4%b8%ba0-7%e3%80%81%e9%80%9a%e8%83%80%e7%8e%87%e4%b8%ba2-0%ef%bc%8c%e4%b8%bb\/","title":{"rendered":"\u6e23\u6253\u94f6\u884c\u9884\u8ba1\u65e5\u672c2026\u5e74\u7ecf\u6d4e\u589e\u957f\u4e3a0.7%\u3001\u901a\u80c0\u7387\u4e3a2.0%\uff0c\u4e3b\u8981\u53d7\u6cb9\u4ef7\u4e0a\u6da8\u53ca\u65e5\u5143\u8d70\u5f31\u5e26\u52a8"},"content":{"rendered":"<p>\u6e23\u6253\u94f6\u884c\u4e0a\u8c03\u901a\u80c0\u3001\u4e0b\u8c03\u589e\u957f\uff0c\u91cd\u65b0\u8bc4\u4f30\u65e5\u672c\u524d\u666f\u3002\u8be5\u884c\u628a2026\u5e74GDP\u589e\u957f\u9884\u6d4b\u4e0b\u8c03\u81f30.7%\uff0c\u5e76\u628aCPI\u901a\u80c0\u7387\u4e0a\u8c03\u81f32.0%\uff0c\u539f\u56e0\u662f\u6cb9\u4ef7\u8d70\u9ad8\u4e0e\u65e5\u5143\u75b2\u5f31\u5f15\u53d1\u201c\u8d38\u6613\u6761\u4ef6\u51b2\u51fb\u201d\uff08terms-of-trade shock\uff1a\u8fdb\u53e3\u53d8\u8d35\u3001\u51fa\u53e3\u76f8\u5bf9\u53d8\u4fbf\u5b9c\uff0c\u4f46\u6574\u4f53\u8d2d\u4e70\u529b\u4e0b\u964d\uff0c\u62d6\u7d2f\u56fd\u5185\u9700\u6c42\uff09\u3002<\/p>\n<p>\u8be5\u884c\u8868\u793a\uff0c\u201c\u4f4e\u589e\u957f+\u9ad8\u901a\u80c0\u201d\u7684\u98ce\u9669\u4e0a\u5347\uff0c\u5e76\u4e0e\u201c\u6cb9\u4ef7\u5728\u6bcf\u6876100\u7f8e\u5143\u201d\u7684\u60c5\u666f\u4ee5\u53ca\u6c47\u7387\u8d70\u5f31\u5f71\u54cd\u6d88\u8d39\u6709\u5173\u3002<\/p>\n<h3>\u65e5\u672c\u524d\u666f\u8f6c\u5411\u6e29\u548c\u201c\u6ede\u80c0\u201d<\/h3>\n<p>2\u6708\u6570\u636e\u53cd\u6620\u590d\u82cf\u4e4f\u529b\uff0c3\u6708\u4fe1\u5fc3\u6307\u6807\u8f6c\u5f31\u3002\u8be5\u884c\u79f0\uff0c\u4e2d\u4e1c\u51b2\u7a81\u6b63\u5728\u62d6\u7d2f\u65e5\u672c\u56fd\u5185\u7ecf\u6d4e\u52a8\u80fd\u3002<\/p>\n<p>\u6e23\u6253\u9884\u8ba1\uff0c\u65e5\u672c\u592e\u884c\u5c06\u628a\u8fdb\u4e00\u6b65\u201c\u6536\u7d27\u653f\u7b56\u201d\uff08policy tightening\uff1a\u52a0\u606f\u6216\u51cf\u5c11\u5bbd\u677e\uff0c\u8ba9\u501f\u8d37\u6210\u672c\u4e0a\u5347\uff09\u63a8\u8fdf\u52302026\u5e74\u7b2c\u4e09\u5b63\u5ea6\u3002\u8be5\u884c\u8ba4\u4e3a\uff0c\u5f53\u524d\u901a\u80c0\u4e3b\u8981\u7531\u5916\u90e8\u4f9b\u7ed9\u63a8\u52a8\uff08external supply factors\uff1a\u4f8b\u5982\u80fd\u6e90\u3001\u8fdb\u53e3\u6210\u672c\u4e0a\u5347\uff0c\u800c\u975e\u56fd\u5185\u9700\u6c42\u5f3a\u52b2\uff09\u3002<\/p>\n<p>\u5e02\u573a\u5bf9\u65e5\u672c\u592e\u884c\u52a0\u606f\u7684\u5b9a\u4ef7\u4e5f\u9010\u6b65\u9760\u62e2\u8fd9\u4e00\u770b\u6cd5\uff1a\u622a\u81f37\u6708\uff0c\u5e02\u573a\u8ba1\u5165\u7ea627\u4e2a\u57fa\u70b9\uff08bps\uff1a\u57fa\u70b9\uff0c1\u57fa\u70b9=0.01\u4e2a\u767e\u5206\u70b9\uff09\u7684\u52a0\u606f\u5e45\u5ea6\uff1b9\u6708\u989d\u5916\u8ba1\u5165\u7ea67\u4e2a\u57fa\u70b9\u3002\u540c\u65f6\uff0c\u5e02\u573a\u5bf94\u6708\u52a0\u606f\u7684\u9884\u671f\u5df2\u4e0b\u964d\u3002<\/p>\n<p>\u201c\u6211\u4eec\u770b\u5230\u65e5\u672c\u7684\u6ede\u80c0\u98ce\u9669\u660e\u663e\u4e0a\u5347\uff0c\u4e3b\u56e0\u662f\u65e5\u5143\u8d70\u5f31\u4ee5\u53ca\u6cb9\u4ef7\u5904\u5728\u6bcf\u6876100\u7f8e\u5143\u7684\u73b0\u5b9e\u3002\u8fd9\u6b63\u5728\u6253\u51fb\u6d88\u8d39\u8005\u652f\u51fa\u5e76\u62d6\u6162\u7ecf\u6d4e\u3002\u7531\u4e8e\u8fd9\u8f6e\u901a\u80c0\u6765\u81ea\u5916\u90e8\u4f9b\u7ed9\u95ee\u9898\uff0c\u6211\u4eec\u9884\u8ba1\u65e5\u672c\u592e\u884c\u81f3\u5c11\u4f1a\u628a\u8fdb\u4e00\u6b65\u6536\u7d27\u63a8\u8fdf\u5230\u7b2c\u4e09\u5b63\u5ea6\u3002\u201d<\/p>\n<h3>\u5bf9\u65e5\u5143\u4e0e\u5229\u7387\u4ea4\u6613\u7684\u542b\u4e49<\/h3>\n<p>\u65e5\u5143\u5ef6\u7eed\u8dcc\u52bf\uff0c\u672c\u6708USD\/JPY\uff08\u7f8e\u5143\u5151\u65e5\u5143\uff09\u4e0a\u7834162\u6c34\u5e73\uff0c\u660e\u663e\u4e0d\u540c\u4e8e2025\u5e74\u9996\u6b21\u52a0\u606f\u540e\u77ed\u6682\u8d70\u5f3a\u7684\u60c5\u51b5\u3002\u6700\u65b0\u6570\u636e\u652f\u6301\u504f\u8c28\u614e\u7684\u5224\u65ad\uff1a3\u6708\u65e5\u94f6\u77ed\u89c2\uff08Tankan\uff1a\u65e5\u672c\u592e\u884c\u4f01\u4e1a\u666f\u6c14\u8c03\u67e5\uff09\u4e2d\uff0c\u5927\u578b\u5236\u9020\u4e1a\u666f\u6c14\u5224\u65ad\u6307\u6570\u964d\u81f3+8\uff0c\u53cd\u6620\u8fdb\u53e3\u6210\u672c\u9ad8\u4f01\u4e0b\u7684\u4fe1\u5fc3\u8f6c\u5f31\u3002\u5728\u8fd9\u79cd\u73af\u5883\u4e0b\uff0c\u592e\u884c\u66f4\u96be\u4ee5\u7528\u52a0\u606f\u6765\u201c\u6324\u538b\u201d\uff08squeezing\uff1a\u8fdb\u4e00\u6b65\u538b\u4f4e\uff09\u672c\u5df2\u8106\u5f31\u7684\u7ecf\u6d4e\u3002<\/p>\n<p>\u5728\u65e5\u672c\u592e\u884c\u9884\u8ba1\u201c\u89c2\u671b\u201d\uff08wait-and-see\uff1a\u6682\u4e0d\u8f7b\u4e3e\u5984\u52a8\u3001\u7b49\u5f85\u66f4\u591a\u6570\u636e\uff09\u7684\u60c5\u51b5\u4e0b\uff0c\u65e5\u672c\u4e0e\u5176\u4ed6\u4e3b\u8981\u7ecf\u6d4e\u4f53\u4e4b\u95f4\u7684\u201c\u5229\u5dee\u201d\uff08interest rate gap\uff1a\u4e24\u5730\u5229\u7387\u6c34\u5e73\u5dee\u8ddd\uff09\u53ef\u80fd\u7ef4\u6301\u504f\u5927\u3002\u8fd9\u4f7f\u5f97\u62bc\u6ce8\u65e5\u5143\u7ee7\u7eed\u8d70\u5f31\u7684\u7b56\u7565\u5728\u672a\u6765\u51e0\u5468\u66f4\u5177\u5438\u5f15\u529b\u3002\u4ea4\u6613\u8005\u53ef\u8003\u8651\u4e70\u5165USD\/JPY\u770b\u6da8\u671f\u6743\uff08call options\uff1a\u5728\u5230\u671f\u524d\u6309\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u6807\u7684\u7684\u6743\u5229\uff09\uff0c\u5728\u63a7\u5236\u4e0b\u884c\u98ce\u9669\u7684\u540c\u65f6\uff0c\u628a\u63e1\u6c47\u7387\u4e0a\u884c\u673a\u4f1a\u3002<\/p>\n<p>\u201c\u5f31\u65e5\u5143\u5229\u597d\u51fa\u53e3\u3001\u4f46\u56fd\u5185\u9700\u6c42\u75b2\u5f31\u51b2\u51fb\u5176\u4ed6\u884c\u4e1a\u201d\u7684\u77db\u76fe\uff0c\u4f7f\u65e5\u7ecf225\u6307\u6570\u9762\u4e34\u66f4\u96be\u5224\u65ad\u7684\u73af\u5883\uff0c\u4e0d\u786e\u5b9a\u6027\u4e5f\u63d0\u9ad8\u4e86\u5e02\u573a\u5267\u70c8\u6ce2\u52a8\u7684\u6982\u7387\u3002\u672a\u6765\u51e0\u5468\uff0c\u53ef\u8003\u8651\u901a\u8fc7\u671f\u6743\u4e70\u5165\u6ce2\u52a8\u7387\uff08buying volatility\uff1a\u7528\u671f\u6743\u62bc\u6ce8\u6ce2\u52a8\u53d8\u5927\uff09\uff0c\u4f8b\u5982\u5728\u65e5\u7ecf225\u4e0a\u505a\u8de8\u5f0f\u7b56\u7565\uff08straddle\uff1a\u540c\u65f6\u4e70\u5165\u540c\u4e00\u5230\u671f\u65e5\u3001\u540c\u4e00\u6267\u884c\u4ef7\u7684\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u4ee5\u62bc\u6ce8\u5927\u5e45\u6ce2\u52a8\u800c\u975e\u65b9\u5411\uff09\uff0c\u4ee5\u5e94\u5bf9\u9707\u8361\u884c\u60c5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6e23\u6253\u8b66\u544a\u65e5\u672c\u6b65\u5165\u6e29\u548c\u6ede\u80c0\uff1a2026 GDP\u964d\u81f30.7%\u3001CPI\u5347\u81f32.0%\uff0c\u6cb9\u4ef7\u9ad8\u4e0e\u5f31\u65e5\u5143\u51b2\u51fb\u8d2d\u4e70\u529b\uff1b\u65e5\u94f6\u6216\u5ef6\u540e\u52a0\u606f\u81f32026Q3\uff0c\u5229\u5dee\u6491\u7f8e\u5143\u5151\u65e5\u5143\u4e0e\u6ce2\u52a8\u4ea4\u6613\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-44738","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/44738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=44738"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/44738\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=44738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=44738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=44738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}