{"id":46752,"date":"2026-05-13T05:25:47","date_gmt":"2026-05-13T05:25:47","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%97%a5%e6%9c%ac3%e6%9c%88%e7%bb%8f%e5%b8%b8%e8%b4%a6%e6%88%b7%e9%a1%ba%e5%b7%ae%e8%b6%85%e9%a2%84%e6%9c%9f%ef%bc%8c%e6%8f%90%e6%8c%af%e6%97%a5%e5%85%83%e8%b5%b0%e5%bc%ba%e5%b9%b6%e4%bf%83%e4%bd%bf\/"},"modified":"2026-05-13T05:25:47","modified_gmt":"2026-05-13T05:25:47","slug":"%e6%97%a5%e6%9c%ac3%e6%9c%88%e7%bb%8f%e5%b8%b8%e8%b4%a6%e6%88%b7%e9%a1%ba%e5%b7%ae%e8%b6%85%e9%a2%84%e6%9c%9f%ef%bc%8c%e6%8f%90%e6%8c%af%e6%97%a5%e5%85%83%e8%b5%b0%e5%bc%ba%e5%b9%b6%e4%bf%83%e4%bd%bf","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%97%a5%e6%9c%ac3%e6%9c%88%e7%bb%8f%e5%b8%b8%e8%b4%a6%e6%88%b7%e9%a1%ba%e5%b7%ae%e8%b6%85%e9%a2%84%e6%9c%9f%ef%bc%8c%e6%8f%90%e6%8c%af%e6%97%a5%e5%85%83%e8%b5%b0%e5%bc%ba%e5%b9%b6%e4%bf%83%e4%bd%bf\/","title":{"rendered":"\u65e5\u672c3\u6708\u7ecf\u5e38\u8d26\u6237\u987a\u5dee\u8d85\u9884\u671f\uff0c\u63d0\u632f\u65e5\u5143\u8d70\u5f3a\u5e76\u4fc3\u4f7f\u884d\u751f\u54c1\u5934\u5bf8\u91cd\u65b0\u5e03\u5c40"},"content":{"rendered":"<p>\u65e5\u672c3\u6708\uff08\u672a\u505a\u5b63\u8282\u8c03\u6574\uff09\u7684\u7ecf\u5e38\u8d26\u6237\u4f59\u989d\u4e3a4.6820\u4e07\u4ebf\u65e5\u5143\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\u76843.8790\u4e07\u4ebf\u65e5\u5143\u3002<\/p>\n<p>\u62a5\u544a\u663e\u793a\uff1a\u5b9e\u9645\u503c4.6820\u4e07\u4ebf\u65e5\u5143\uff0c\u5bf9\u6bd4\u9884\u6d4b\u503c3.8790\u4e07\u4ebf\u65e5\u5143\uff1b\u6570\u636e\u5bf9\u5e943\u6708\u3002<\/p>\n<h3>\u5bf9\u65e5\u5143\u7684\u5f71\u54cd<\/h3>\n<p>3\u6708\u7ecf\u5e38\u8d26\u6237\u201c\u987a\u5dee\u201d\uff08\u5373\u5bf9\u5916\u6536\u652f\u4e3a\u6b63\uff0c\u7b80\u5355\u8bf4\u5c31\u662f\u8d44\u91d1\u51c0\u6d41\u5165\u591a\u4e8e\u51c0\u6d41\u51fa\uff09\u5927\u5e45\u9ad8\u4e8e\u9884\u671f\uff0c\u4e3a\u65e5\u5143\u8d70\u5f3a\u63d0\u4f9b\u4e86\u8f83\u5f3a\u7684\u57fa\u672c\u9762\u4f9d\u636e\u30024.6820\u4e07\u4ebf\u65e5\u5143\u7684\u987a\u5dee\u660e\u663e\u8d85\u51fa\u9884\u6d4b\uff0c\u610f\u5473\u7740\u6709\u66f4\u591a\u8d44\u91d1\u6d41\u5165\u65e5\u672c\u3002\u8fd9\u4e5f\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u6311\u6218\u8fc7\u53bb\u4e24\u5e74\u5e02\u573a\u666e\u904d\u8ba4\u4e3a\u201c\u65e5\u5143\u6301\u7eed\u504f\u5f31\u201d\u7684\u770b\u6cd5\u3002<\/p>\n<p>\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u53ef\u5173\u6ce8\u4ece\u7f8e\u5143\/\u65e5\u5143\uff08USD\/JPY\uff09\u4e0b\u8dcc\u4e2d\u83b7\u5229\u7684\u201c\u884d\u751f\u54c1\u7b56\u7565\u201d\uff08\u884d\u751f\u54c1=\u4ef7\u683c\u8ddf\u968f\u6c47\u7387\u7b49\u6807\u7684\u53d8\u5316\u7684\u91d1\u878d\u5de5\u5177\uff09\u3002\u5728\u8be5\u8d27\u5e01\u5bf9\u8fd1\u671f\u6d4b\u8bd5165\u4ee5\u4e0a\u7684\u591a\u5e74\u9ad8\u4f4d\u540e\uff0c\u53ef\u8003\u8651\u4e70\u5165USD\/JPY\u201c\u770b\u8dcc\u671f\u6743\u201d\uff08put\uff0c\u62bc\u6ce8\u6c47\u7387\u4e0b\u8dcc\uff09\u6216\u5356\u51fa\u201c\u865a\u503c\u770b\u6da8\u671f\u6743\u201d\uff08out-of-the-money call\uff0c\u884c\u6743\u4ef7\u9ad8\u4e8e\u5f53\u524d\u6c47\u7387\u3001\u6743\u5229\u91d1\u8f83\u4f4e\uff09\u3002\u968f\u7740\u5e02\u573a\u5728\u5f3a\u52b2\u6570\u636e\u4e0e\u65e5\u672c\u592e\u884c\u504f\u8c28\u614e\u7acb\u573a\u4e4b\u95f4\u91cd\u65b0\u5b9a\u4ef7\uff0c\u201c\u9690\u542b\u6ce2\u52a8\u7387\u201d\uff08implied volatility\uff0c\u671f\u6743\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u53ef\u80fd\u4e0a\u5347\uff0c\u4ece\u800c\u8ba9\u201c\u5356\u51fa\u671f\u6743\u7b56\u7565\u201d\uff08\u6536\u53d6\u6743\u5229\u91d1\uff0c\u4f46\u627f\u62c5\u88ab\u884c\u6743\u98ce\u9669\uff09\u66f4\u5177\u5438\u5f15\u529b\u3002<\/p>\n<p>\u8fd9\u9879\u504f\u5f3a\u7684\u7ecf\u6d4e\u4fe1\u53f7\u4e5f\u4f1a\u589e\u52a0\u65e5\u672c\u592e\u884c\u7ee7\u7eed\u63a8\u8fdb\u8d27\u5e01\u653f\u7b56\u201c\u6b63\u5e38\u5316\u201d\uff08\u5373\u9010\u6b65\u9000\u51fa\u8d85\u5bbd\u677e\u653f\u7b56\u3001\u8ba9\u5229\u7387\u56de\u5230\u66f4\u5e38\u6001\u6c34\u5e73\uff09\u7684\u538b\u529b\u3002\u65e5\u672c\u592e\u884c\u5df2\u57282024\u5e74\u521d\u7ed3\u675f\u201c\u8d1f\u5229\u7387\u653f\u7b56\u201d\uff08\u5229\u7387\u4f4e\u4e8e0\uff0c\u94f6\u884c\u628a\u94b1\u653e\u5728\u592e\u884c\u8fd8\u8981\u4ed8\u8d39\uff09\uff0c\u800c\u7c7b\u4f3c\u6570\u636e\u53ef\u80fd\u52a0\u5feb\u4e0b\u4e00\u6b21\u52a0\u606f\u7684\u8282\u594f\u3002\u53c2\u4e0e\u201c\u5229\u7387\u6389\u671f\u201d\uff08interest rate swaps\uff0c\u4e00\u79cd\u7528\u56fa\u5b9a\u5229\u7387\u4ea4\u6362\u6d6e\u52a8\u5229\u7387\u7684\u5408\u7ea6\uff0c\u5e38\u7528\u4e8e\u62bc\u6ce8\u6216\u5bf9\u51b2\u5229\u7387\u53d8\u5316\uff09\u7684\u4ea4\u6613\u8005\uff0c\u53ef\u8003\u8651\u5c06\u4e0b\u534a\u5e74\u66f4\u504f\u201c\u9e70\u6d3e\u201d\uff08hawkish\uff0c\u503e\u5411\u52a0\u606f\u3001\u538b\u901a\u80c0\u7684\u653f\u7b56\u53d6\u5411\uff09\u7684\u8def\u5f84\u7eb3\u5165\u5b9a\u4ef7\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u65e5\u5143\u8d70\u5f3a\u901a\u5e38\u4f1a\u5bf9\u65e5\u672c\u80a1\u5e02\u5f62\u6210\u538b\u529b\uff0c\u56e0\u4e3a\u4f1a\u964d\u4f4e\u5927\u578b\u51fa\u53e3\u5546\u6d77\u5916\u5229\u6da6\u6362\u7b97\u6210\u65e5\u5143\u540e\u7684\u91d1\u989d\u3002\u65e5\u7ecf225\u6307\u6570\u4eca\u5e74\u5df2\u4e0a\u6da8\u903e15%\uff0c\u5f31\u65e5\u5143\u662f\u63a8\u52a8\u56e0\u7d20\u4e4b\u4e00\u3002<\/p>\n<h3>\u80a1\u7968\u5bf9\u51b2\u8003\u91cf<\/h3>\n<p>\u56e0\u6b64\uff0c\u53ef\u8003\u8651\u4e70\u5165\u65e5\u7ecf225\u201c\u770b\u8dcc\u671f\u6743\u201d\u4f5c\u4e3a\u5bf9\u51b2\uff08hedge\uff0c\u7528\u6765\u964d\u4f4e\u6301\u4ed3\u4e0b\u8dcc\u98ce\u9669\uff09\u5de5\u5177\uff0c\u6216\u4f5c\u4e3a\u6307\u6570\u5728\u65e5\u5143\u8fdb\u5165\u6301\u7eed\u5347\u503c\u9636\u6bb5\u65f6\u53ef\u80fd\u9047\u963b\u7684\u7b56\u7565\u6027\u62bc\u6ce8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u65e5\u672c3\u6708\u7ecf\u5e38\u8d26\u6237\u987a\u5dee4.6820\u4e07\u4ebf\u65e5\u5143\uff0c\u663e\u8457\u9ad8\u4e8e\u9884\u671f3.8790\u4e07\u4ebf\uff0c\u5f3a\u5316\u65e5\u5143\u8f6c\u5f3a\u53d9\u4e8b\u3002\u53ef\u5e03\u5c40USD\/JPY\u770b\u8dcc\u3001\u5173\u6ce8\u9690\u6ce2\u4e0a\u884c\u53ca\u65e5\u7ecf225\u5bf9\u51b2\u673a\u4f1a\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-46752","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\/46752","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=46752"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46752\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=46752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=46752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=46752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}