{"id":45252,"date":"2026-04-22T04:56:27","date_gmt":"2026-04-22T04:56:27","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%91%a8%e4%ba%8c%ef%bc%8c%e7%be%8e%e5%85%83-%e6%97%a5%e5%85%83%e4%b8%8a%e6%b6%a80-37%ef%bc%8c%e5%9c%a8%e7%be%8e%e5%9b%bd%e6%97%b6%e6%ae%b5%e4%b8%80%e5%ba%a6%e8%a7%a6%e5%8f%8a159-65%e9%ab%98%e7%82%b9\/"},"modified":"2026-04-22T04:56:27","modified_gmt":"2026-04-22T04:56:27","slug":"%e5%91%a8%e4%ba%8c%ef%bc%8c%e7%be%8e%e5%85%83-%e6%97%a5%e5%85%83%e4%b8%8a%e6%b6%a80-37%ef%bc%8c%e5%9c%a8%e7%be%8e%e5%9b%bd%e6%97%b6%e6%ae%b5%e4%b8%80%e5%ba%a6%e8%a7%a6%e5%8f%8a159-65%e9%ab%98%e7%82%b9","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%91%a8%e4%ba%8c%ef%bc%8c%e7%be%8e%e5%85%83-%e6%97%a5%e5%85%83%e4%b8%8a%e6%b6%a80-37%ef%bc%8c%e5%9c%a8%e7%be%8e%e5%9b%bd%e6%97%b6%e6%ae%b5%e4%b8%80%e5%ba%a6%e8%a7%a6%e5%8f%8a159-65%e9%ab%98%e7%82%b9\/","title":{"rendered":"\u5468\u4e8c\uff0c\u7f8e\u5143\/\u65e5\u5143\u4e0a\u6da80.37%\uff0c\u5728\u7f8e\u56fd\u65f6\u6bb5\u4e00\u5ea6\u89e6\u53ca159.65\u9ad8\u70b9\u540e\uff0c\u6536\u62a5\u4e8e159.40\u9644\u8fd1"},"content":{"rendered":"

\u5468\u4e8c\uff0c\u7f8e\u5143\/\u65e5\u5143\uff08USD\/JPY\uff09\u4e0a\u6da80.37%\uff0c\u62a5\u7ea6159.40\uff0c\u5e76\u5728\u7f8e\u56fd\u65f6\u6bb5\u4e00\u5ea6\u89e6\u53ca159.65\u3002\u8fd1\u51e0\u4e2a\u4ea4\u6613\u65e5\uff0c\u6c47\u4ef7\u5927\u81f4\u5728158.55\u81f3159.65\u533a\u95f4\u5185\u6ce2\u52a8\u3002<\/p>\n

\u7f8e\u56fd\u603b\u7edf\u7279\u6717\u666e\u5728\u5fb7\u9ed1\u5170\u672a\u51fa\u5e2d\u65b0\u4e00\u8f6e\u78cb\u5546\u540e\uff0c\u5ef6\u957f\u4e86\u4e0e\u4f0a\u6717\u76f4\u63a5\u8c08\u5224\u7684\u6700\u540e\u671f\u9650\u3002\u8fd9\u964d\u4f4e\u4e86\u77ed\u671f\u5185\u201c\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u201d\uff08Strait of Hormuz\uff0c\u5168\u7403\u91cd\u8981\u77f3\u6cb9\u8fd0\u8f93\u901a\u9053\uff09\u53ef\u80fd\u88ab\u5e72\u6270\u7684\u62c5\u5fe7\uff1b\u540c\u65f6\u98ce\u9669\u8d44\u4ea7\u8d70\u5f3a\uff0c\u800c\u7f8e\u5143\u6307\u6570\uff08US Dollar Index\uff0c\u8861\u91cf\u7f8e\u5143\u5bf9\u4e00\u7bee\u5b50\u4e3b\u8981\u8d27\u5e01\u5f3a\u5f31\u7684\u6307\u6807\uff09\u56de\u843d\u3002<\/p>\n

Market Drivers And Macro Backdrop<\/h3>\n

\u7f8e\u56fd3\u6708\u96f6\u552e\u9500\u552e\u73af\u6bd4\u589e\u957f1.7%\uff0c\u9ad8\u4e8e\u5e02\u573a\u9884\u6d4b\u76841.4%\u3002\u7f8e\u8054\u50a8\u4e3b\u5e2d\u63d0\u540d\u4eba\u51ef\u6587\u00b7\u6c83\u4ec0\uff08Kevin Warsh\uff09\u5728\u56fd\u4f1a\u53d1\u8868\u504f\u201c\u9e70\u6d3e\u201d\uff08hawkish\uff0c\u6307\u66f4\u503e\u5411\u52a0\u606f\u6216\u7ef4\u6301\u9ad8\u5229\u7387\u3001\u4ee5\u538b\u901a\u80c0\u7684\u7acb\u573a\uff09\u8bc1\u8bcd\u3002<\/p>\n

\u65e5\u672c\u7ecf\u8c03\u6574\u76843\u6708\u8d38\u6613\u6570\u636e\u5c06\u5728\u5468\u4e8c\u6df1\u591c\u516c\u5e03\u3002\u5168\u56fdCPI\uff08\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff0c\u7528\u6765\u8861\u91cf\u901a\u80c0\uff09\u5c06\u4e8e\u5468\u56db\u51fa\u7089\uff0c\u5e02\u573a\u5171\u8bc6\u4e3a\uff1a\u5254\u9664\u751f\u9c9c\u98df\u54c1\u540e\u7684CPI\u540c\u6bd41.8%\uff0c\u524d\u503c\u4e3a1.6%\u3002<\/p>\n

\u572815\u5206\u949f\u56fe\u4e0a\uff0cUSD\/JPY\u62a5159.41\uff0c\u9ad8\u4e8e\u5f53\u65e5\u5f00\u76d8\u4ef7158.88\u3002\u968f\u673aRSI\uff08Stochastic RSI\uff0c\u4e00\u79cd\u52a8\u91cf\u6307\u6807\uff0c\u7528\u6765\u5224\u65ad\u77ed\u7ebf\u662f\u5426\u8d85\u4e70\/\u8d85\u5356\uff09\u7ea6\u4e3a36\uff0c\u652f\u6491\u4f4d\uff08\u4ef7\u683c\u53ef\u80fd\u6b62\u8dcc\u7684\u4f4d\u7f6e\uff09\u5728159.41\uff0c\u5176\u540e\u4e3a158.88\u3002<\/p>\n

\u5728\u65e5\u7ebf\u56fe\u4e0a\uff0cUSD\/JPY\u62a5159.41\uff0c\u9ad8\u4e8e50\u65e5EMA\uff08\u6307\u6570\u79fb\u52a8\u5e73\u5747\u7ebf\uff0c\u7528\u66f4\u91cd\u6743\u91cd\u8ba1\u7b97\u8fd1\u671f\u4ef7\u683c\u7684\u5747\u7ebf\uff09158.20\uff0c\u4ee5\u53ca200\u65e5EMA 154.64\u3002\u968f\u673aRSI\u7ea6\u4e3a27\uff0c\u652f\u6491\u4f4d\u5728159.40\uff0c\u5176\u540e\u4e3a158.20\u548c154.64\u3002<\/p>\n

Technical Levels And Policy Focus<\/h3>\n

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\u867d\u71362025\u5e74\u7684\u7279\u5b9a\u5730\u7f18\u653f\u6cbb\u62c5\u5fe7\u5df2\u6de1\u5316\uff0c\u4f46\u65e5\u5143\u5728\u5176\u4ed6\u5168\u7403\u4e0d\u786e\u5b9a\u6027\u4e0b\uff0c\u5e76\u672a\u4f53\u73b0\u4f20\u7edf\u201c\u907f\u9669\u8d27\u5e01\u201d\uff08safe-haven\uff0c\u5e02\u573a\u52a8\u8361\u65f6\u901a\u5e38\u66f4\u53d7\u8ffd\u6367\u7684\u8d27\u5e01\uff09\u7279\u6027\u3002\u65e5\u5143\u8d70\u5f31\u4e3b\u8981\u7531\u65e5\u7f8e\u5229\u5dee\u63a8\u52a8\u2014\u2014\u65e5\u672c\u4e0e\u7f8e\u56fd\u5229\u7387\u5dee\u8ddd\u4ecd\u5927\uff0c\u4f7f\u201c\u5957\u606f\u4ea4\u6613\u201d\uff08carry trade\uff0c\u501f\u5165\u4f4e\u5229\u7387\u8d27\u5e01\u3001\u4e70\u5165\u9ad8\u5229\u7387\u8d44\u4ea7\u8d5a\u53d6\u5229\u5dee\uff09\u6301\u7eed\u5bf9\u65e5\u5143\u6784\u6210\u538b\u529b\uff0c\u5c3d\u7ba1\u65e5\u672c\u592e\u884c\uff08BoJ\uff09\u653f\u7b56\u65b9\u5411\u5df2\u51fa\u73b0\u5386\u53f2\u6027\u53d8\u5316\u3002<\/p>\n

\u65e5\u672c\u592e\u884c\u4eca\u5e74\u8f83\u65e9\u9000\u51fa\u8d1f\u5229\u7387\u653f\u7b56\uff08negative interest rate\uff0c\u5b58\u6b3e\u5229\u7387\u4e3a\u8d1f\uff0c\u610f\u5728\u8feb\u4f7f\u8d44\u91d1\u6d41\u51fa\u94f6\u884c\u3001\u523a\u6fc0\u7ecf\u6d4e\uff09\uff0c\u4f46\u4ecd\u4e0d\u8db3\u4ee5\u626d\u8f6c\u8d8b\u52bf\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u7f8e\u8054\u50a8\u7ef4\u6301\u5229\u7387\u5728\u9ad8\u4f4d\uff0c\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\uff0810-year US Treasury yield\uff0c\u4ee3\u8868\u957f\u671f\u878d\u8d44\u6210\u672c\u7684\u91cd\u8981\u57fa\u51c6\uff09\u5728\u7ea64.5%\uff0c\u4e0e\u65e5\u672c\u56fd\u503a\u6536\u76ca\u7387\u4e4b\u95f4\u7ea63.6\u4e2a\u767e\u5206\u70b9\u7684\u5dee\u8ddd\uff0c\u4f7f\u5f97\u5356\u51fa\u65e5\u5143\u66f4\u5177\u5438\u5f15\u529b\u3002\u57fa\u672c\u9762\u663e\u793a\uff0cUSD\/JPY\u82e5\u56de\u8c03\uff0c\u53ef\u80fd\u4ecd\u4f1a\u88ab\u4e0d\u5c11\u5e02\u573a\u53c2\u4e0e\u8005\u89c6\u4e3a\u4e70\u5165\u673a\u4f1a\u3002<\/p>\n

\u65e5\u672c\u6700\u65b0\u5168\u56fdCPI\u4e3a2.5%\uff0c\u867d\u9ad8\u4e8e\u65e5\u672c\u592e\u884c\u76ee\u6807\uff0c\u4f46\u672a\u663e\u793a\u9700\u8981\u5feb\u901f\u5927\u5e45\u52a0\u606f\u7684\u5f3a\u70c8\u901a\u80c0\u538b\u529b\u3002\u8fd9\u8ba9\u201c\u6c47\u7387\u5e72\u9884\u201d\u6210\u4e3a\u5f53\u5c40\u5e94\u5bf9\u65e5\u5143\u75b2\u5f31\u7684\u4e3b\u8981\u5de5\u5177\uff0c\u4e5f\u610f\u5473\u7740\u4e8b\u4ef6\u98ce\u9669\uff08event risk\uff0c\u56e0\u653f\u7b56\/\u7a81\u53d1\u6d88\u606f\u5bfc\u81f4\u4ef7\u683c\u5267\u70c8\u6ce2\u52a8\u7684\u98ce\u9669\uff09\u5347\u9ad8\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u4e00\u65e6\u6c47\u4ef7\u518d\u5ea6\u660e\u663e\u51b2\u5411170.00\uff0c\u65e5\u672c\u5b98\u5458\u91c7\u53d6\u884c\u52a8\u7684\u53ef\u80fd\u6027\u5f88\u9ad8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u5143\/\u65e5\u5143\u5347\u81f3159.4\u533a\u95f4\uff0c\u6cb9\u8fd0\u98ce\u9669\u964d\u6e29\u5e26\u52a8\u98ce\u9669\u504f\u597d\uff1b\u7f8e\u96f6\u552e\u5f3a\u3001\u6c83\u4ec0\u9e70\u6d3e\u3001\u7f8e\u65e5\u5229\u5dee\u6491\u5957\u606f\u3002\u7126\u70b9\u8f6c\u5411\u65e5\u65b9\u5e72\u9884\uff1a\u82e5\u518d\u903c\u8fd1170\uff0c\u884c\u52a8\u6982\u7387\u5927\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-45252","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\/45252","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=45252"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45252\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=45252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=45252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=45252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}