{"id":820257,"date":"2026-07-31T00:59:18","date_gmt":"2026-07-30T16:59:18","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=820257"},"modified":"2026-07-31T00:59:18","modified_gmt":"2026-07-30T16:59:18","slug":"%e7%be%8e%e8%82%a1%e6%9a%b4%e8%b7%8c%ef%bc%81%e6%97%a5%e5%85%83%e4%b8%8a%e6%bc%94%e6%9e%81%e9%80%9f%e9%81%bf%e9%99%a9%e8%a1%8c%e6%83%85%ef%bc%8c%e5%a5%97%e5%88%a9%e8%b8%a9%e8%b8%8f%e6%94%b9%e5%86%99","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=820257","title":{"rendered":"\u7f8e\u80a1\u66b4\u8dcc\uff01\u65e5\u5143\u4e0a\u6f14\u6781\u901f\u907f\u9669\u884c\u60c5\uff0c\u5957\u5229\u8e29\u8e0f\u6539\u5199\u540e\u5e02\u8d70\u52bf"},"content":{"rendered":"<p><b>\u6c47\u901a\u8d22\u7ecfAPP\u8baf\u2014\u2014<\/b>\u5468\u56db\uff087\u670830\u65e5\uff09\u6b27\u7f8e\u65f6\u6bb5\uff0c<span onmouseenter=\"showHq('USDJPY',this)\" onmouseleave='closeHq(this)'><a href='https:\/\/quote.fx678.com\/symbol\/USD' target='_blank' rel=\"noopener\">\u7f8e\u5143<\/a>\u5151<a href='https:\/\/quote.fx678.com\/symbol\/USDJPY' target='_blank' rel=\"noopener\">\u65e5\u5143<\/a><\/span>\u5168\u5929\u8d70\u5f31\u540e\u5feb\u901f\u52a0\u901f\u4e0b\u8dcc\uff0c\u4e4b\u524d\u6587\u7ae0\u5c31\u63d0\u793a\u8fd9\u91cc\u65e5\u5143\u5904\u4e8e\u5173\u952e\u4f4d\u6709\u8f6c\u52bf\u7684\u98ce\u9669\uff0c\u4eca\u5929\u7f8e\u65e5\u5c31\u51fa\u73b0\u5927\u8dcc\u3002<\/p>\n<p>\u8fd1\u671f\uff0c\u65e5\u5143\u6c47\u7387\u518d\u6b21\u9677\u5165\u5267\u70c8\u52a8\u8361\uff0c<span onmouseenter=\"showHq('USDJPY',this)\" onmouseleave='closeHq(this)'>\u7f8e\u5143\u5151\u65e5\u5143<\/span>\u5c61\u5c61\u5411\u4e0a\u7a81\u7834\u5173\u952e\u5fc3\u7406\u5173\u53e3\u3002<\/p>\n<p>\u5728\u5168\u7403\u8d44\u672c\u5e02\u573a\u7684\u77a9\u76ee\u4e0b\uff0c<a href='http:\/\/news.fx678.com\/column\/boj' target='_blank' rel=\"noopener\">\u65e5\u672c\u592e\u884c<\/a>\uff08BOJ\uff09\u7684\u8d27\u5e01\u653f\u7b56\u8d70\u5411\u3001\u7f8e\u65e5\u5de8\u5927\u5229\u5dee\u4ee5\u53ca\u5168\u7403\u5957\u5229\u4ea4\u6613\u7684\u52a8\u6001\uff0c\u6b63\u5171\u540c\u5c06\u65e5\u5143\u63a8\u5165\u4e00\u573a\u590d\u6742\u7684\u5b8f\u89c2\u535a\u5f08\u4e4b\u4e2d\u3002<\/p>\n<p>\u65e5\u5143\u4e3a\u4f55\u96be\u9003\u8dcc\u52bf\uff1f\u5e02\u573a\u673a\u6784\u5982\u4f55\u770b\u5f85\u540e\u5e02\uff1f\u901a\u8fc7\u68b3\u7406\u5229\u5dee\u4e3b\u7ebf\u3001\u673a\u6784\u5206\u6b67\u4e0e\u77ed\u7ebf\u907f\u9669\u673a\u5236\uff0c\u6211\u4eec\u53ef\u4ee5\u6e05\u6670\u8fd8\u539f\u8fd9\u573a\u201c\u65e5\u5143\u4fdd\u536b\u6218\u201d\u7684\u5168\u8c8c\u3002<\/p>\n<p><img src=https:\/\/upload.fx678img.com\/upload\/ht\/20240807\/sy_2024080712563256.jpg alt=\"\u7f8e\u80a1\u66b4\u8dcc\uff01\u65e5\u5143\u4e0a\u6f14\u6781\u901f\u907f\u9669\u884c\u60c5\uff0c\u5957\u5229\u8e29\u8e0f\u6539\u5199\u540e\u5e02\u8d70\u52bf\" \/><\/p>\n<h2>\u6839\u672c\u9a71\u52a8\uff1a\u96be\u4ee5\u5f25\u5408\u7684\u201c\u7f8e\u65e5\u5229\u5dee\u201d\u4e0e\u5957\u5229\u4ea4\u6613\u72c2\u6b22<\/h2>\n<p>\u65e5\u5143\u8d70\u5f31\u7684\u6838\u5fc3\u5e95\u5c42\u903b\u8f91\uff0c\u5728\u4e8e\u7f8e\u65e5\u4e24\u56fd\u4e4b\u95f4\u4f9d\u7136\u60ac\u6b8a\u7684\u65e0\u98ce\u9669\u6536\u76ca\u7387\u5dee\u3002<\/p>\n<p>\u5c3d\u7ba1\u65e5\u672c\u592e\u884c\u6b64\u524d\u5df2\u7ed3\u675f\u8d85\u5bbd\u677e\u653f\u7b56\u5e76\u542f\u52a8\u52a0\u606f\uff0c\u4f46\u5f53\u524d\u7684\u653f\u7b56\u5229\u7387\u6c34\u5e73\u5bf9\u6bd4<a href='http:\/\/news.fx678.com\/column\/fed' target='_blank' rel=\"noopener\">\u7f8e\u8054\u50a8<\/a>\u7b49\u4e3b\u8981\u592e\u884c\u800c\u8a00\uff0c\u4f9d\u7136\u6781\u5ea6\u5bbd\u677e\u3002<\/p>\n<p>\u5728\u5de8\u5927\u7684\u5229\u5dee\u8bf1\u60d1\u4e0b\uff0c\u5168\u7403\u8d44\u91d1\u5927\u91cf\u8fdb\u884c\u201c\u65e5\u5143\u5957\u5229\u4ea4\u6613\u201d\uff08Carry Trade\uff09\u2014\u2014\u5373\u4f4e\u606f\u501f\u5165\u65e5\u5143\uff0c\u629b\u552e\u6362\u6210\u7f8e\u5143\u7b49\u9ad8\u6536\u76ca\u8d44\u4ea7\u4ee5\u8d5a\u53d6\u606f\u5dee\u3002<\/p>\n<p>\u8fd9\u79cd\u6e90\u6e90\u4e0d\u65ad\u7684<a href='https:\/\/www.fx678.com\/' target='_blank' rel=\"noopener\">\u5916\u6c47<\/a>\u5e02\u573a\u629b\u76d8\uff0c\u6784\u6210\u4e86\u65e5\u5143\u6c47\u7387\u957f\u671f\u7684\u4e0b\u884c\u4e3b\u538b\u529b\u3002<\/p>\n<p>\u867d\u7136\u5229\u5dee\u548c\u592e\u884c\u653f\u7b56\u51b3\u5b9a\u4e86\u65e5\u5143\u7684\u957f\u671f\u8d2c\u503c\u57fa\u8c03\uff0c\u4f46\u5728\u77ed\u7ebf\u4e0a\uff0c\u65e5\u5143\u5374\u5177\u5907\u6781\u5f3a\u4e14\u7206\u53d1\u529b\u6781\u9ad8\u7684\u201c\u907f\u9669\u53cd\u8f6c\u201d\u7279\u6027\u3002<\/p>\n<p>\u5f53<a href='http:\/\/news.fx678.com\/column\/stock' target='_blank' rel=\"noopener\">\u7f8e\u80a1<\/a>\uff08\u5c24\u5176\u662f\u79d1\u6280\u80a1\u548c\u5927\u76d8\uff09\u51fa\u73b0\u5267\u70c8\u5927\u8dcc\u6216\u5168\u7403\u98ce\u9669\u60c5\u7eea\uff08Risk-off\uff09\u6076\u5316\u65f6\uff0c\u5e02\u573a\u4f1a\u77ac\u95f4\u89e6\u53d1\u201c\u5957\u5229\u4ea4\u6613\u5e73\u4ed3\u201d\uff08Carry Trade Unwind\uff09\uff1a<\/p>\n<p>\u8fd9\u79cd\u5e73\u4ed3\u629b\u552e\u5f80\u5f80\u5e26\u6709\u201c\u8e29\u8e0f\u6548\u5e94\u201d\u2014\u2014\u65e5\u5143\u5347\u503c\u8d8a\u5feb\uff0c\u8d8a\u4f1a\u903c\u8feb\u66f4\u591a\u9ad8\u6760\u6746\u5957\u5229\u76d8\u6b62\u635f\u51fa\u5c40\uff0c\u4ece\u800c\u5728\u77ed\u65f6\u95f4\u5185\u62b9\u5e73\u6570\u5468\u7684\u8dcc\u5e45\u3002<\/p>\n<p>\u800c\u6628\u65e5\u7f8e\u80a1\u5927\u8dcc\uff0c\u5f88\u591a\u6280\u672f\u6d3e\u90fd\u4f1a\u9009\u62e9\u51fa\u5c40\u79bb\u573a\u3002<\/p>\n<h2>\u673a\u6784\u89c6\u70b9\uff1a\u6309\u5175\u4e0d\u52a8\u7684\u62c5\u5fe7\u4e0e170\u5173\u53e3\u7684\u9634\u5f71<\/h2>\n<p>\u5728\u592e\u884c\u8bae\u606f\u7684\u524d\u5915\uff0c\u534e\u5c14\u8857\u4e0e\u9876\u7ea7\u673a\u6784\u5bf9\u65e5\u5143\u8d70\u52bf\u7ed9\u51fa\u4e86\u9ad8\u5ea6\u5206\u5316\u4f46\u53c8\u903b\u8f91\u4e25\u5bc6\u7684\u63a8\u6f14\uff1a<br \/>1\u77ed\u7ebf\u8b66\u60d5\uff1a\u8bd5\u63a2165\u751a\u81f3170\u7684\u201c\u8d2c\u503c\u6df1\u6e0a\u201d<\/p>\n<p>\u4e09\u83f1\u65e5\u8054\u4fe1\u6258\u94f6\u884c\uff08MUTB\uff09\u9a7b\u7ebd\u7ea6\u9500\u552e\u548c\u4ea4\u6613\u8d1f\u8d23\u4ebaTakafumi Onodera\u6307\u51fa\uff0c\u5982\u679c\u65e5\u672c\u592e\u884c\u5728\u6700\u65b0\u4f1a\u8bae\u4e0a\u9009\u62e9\u7ef4\u6301\u5229\u7387\u4e0d\u53d8\uff0c\u5c06\u76f4\u63a5\u63a8\u52a8<span onmouseenter=\"showHq('USDJPY',this)\" onmouseleave='closeHq(this)'>\u7f8e\u5143\u5151\u65e5\u5143<\/span>\u5347\u81f31\u7f8e\u5143\u5151165\u5173\u53e3\uff0c\u5e76\u6025\u5267\u52a0\u5927\u65e5\u672c\u5b98\u65b9\u51fa\u624b\u5e72\u9884\u7684\u98ce\u9669\u3002<\/p>\n<p>\u201c\u7f8e\u5143\/\u65e5\u5143\u53ef\u80fd\u77ed\u6682\u6d4b\u8bd5165\uff0c\u4f46\u968f\u7740\u5e02\u573a\u5bf9\u5e72\u9884\u7684\u62c5\u5fe7\u5347\u6e29\uff0c\u4e0a\u884c\u7a7a\u95f4\u5e94\u4f1a\u53d7\u5230\u9650\u5236\uff0c\u201dOnodera\u8865\u5145\u9053\uff0c\u65e5\u672c\u592e\u884c\u6216\u8bb8\u4e0d\u5f97\u4e0d\u91ca\u653e\u9e70\u6d3e\u4fe1\u53f7\u4ee5\u904f\u5236\u65e5\u5143\u9893\u52bf\u3002\u4f46\u4ed6\u4e5f\u53d1\u51fa\u8b66\u544a\uff1a\u5982\u679c\u65e5\u672c\u592e\u884c\u4eca\u5e74\u5f7b\u5e95\u653e\u5f03\u8fdb\u4e00\u6b65\u52a0\u606f\uff0c\u800c\u7f8e\u8054\u50a8\u7ef4\u6301\u9ad8\u5229\u7387\u6216\u518d\u6b21\u52a0\u606f\uff0c<span onmouseenter=\"showHq('USDJPY',this)\" onmouseleave='closeHq(this)'>\u7f8e\u5143\u5151\u65e5\u5143<\/span>\u4e0d\u6392\u9664\u4e00\u8def\u98d9\u5347\u54111\u7f8e\u5143\u5151170\u7684\u6781\u6781\u7aef\u6c34\u5e73\u3002<\/p>\n<p>\u4e0e\u77ed\u7ebf\u7684\u60b2\u89c2\u4e0d\u540c\uff0c\u90e8\u5206\u4e2d\u957f\u671f\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u5bf9\u65e5\u5143\u7684\u53cd\u5f39\u62b1\u6709\u671f\u5f85\u3002<\/p>\n<p>\u8d44\u7ba1\u673a\u6784Aberdeen Investments\u5206\u6790\u8ba4\u4e3a\uff0c\u65e5\u672c\u592e\u884c\u66f4\u53ef\u80fd\u5c06\u52a0\u606f\u7684\u65f6\u70b9\u653e\u5728\u5341\u6708\uff0c\u5c4a\u65f6\u4f34\u968f\u901a\u80c0\u6570\u636e\u7684\u786e\u8ba4\u4e0e\u653f\u7b56\u843d\u5730\u7684\u660e\u786e\u5316\uff0c\u52a0\u606f\u52a8\u4f5c\u5c06\u5bf9\u65e5\u5143\u6784\u6210\u5b9e\u8d28\u6027\u7684\u63d0\u632f\u3002<\/p>\n<p><img src=https:\/\/upload.fx678img.com\/upload\/ht\/20260730\/sy_2026073021335832.png alt=\"\u7f8e\u80a1\u66b4\u8dcc\uff01\u65e5\u5143\u4e0a\u6f14\u6781\u901f\u907f\u9669\u884c\u60c5\uff0c\u5957\u5229\u8e29\u8e0f\u6539\u5199\u540e\u5e02\u8d70\u52bf\" \/><br \/>\uff08\u65e5\u672c\u5404\u6708\u4efd\u9690\u542b\u5229\u7387\u5229\u7387\uff09<\/p>\n<p>Capital Economics\u4e9a\u592a\u533a\u4e3b\u7ba1Marcel Thieliant\u4ea6\u6301\u6709\u7c7b\u4f3c\u89c2\u70b9\u3002\u4ed6\u8868\u793a\uff0c\u53d7\u80fd\u6e90\u4ef7\u683c\u4e0e\u8f93\u5165\u578b\u901a\u80c0\u538b\u529b\u7684\u5012\u903c\uff0c\u65e5\u672c\u592e\u884c\u6b63\u5728\u4e3a\u5341\u6708\u7684\u52a0\u606f\u505a\u51c6\u5907\uff0c\u968f\u7740\u5229\u7387\u9010\u6b65\u56de\u5f52\uff0c\u65e5\u5143\u4e2d\u957f\u671f\u6709\u671b\u8fce\u6765\u5598\u606f\u4e4b\u673a\u3002<\/p>\n<p>\u6469\u6839\u5927\u901a\uff08J.P.Morgan\uff09\u5219\u76f8\u5bf9\u8c28\u614e\u5730\u63d0\u9192\uff0c\u5728G10\u592e\u884c\u5bbd\u677e\u5468\u671f\u5c3e\u58f0\uff0c\u4ec5\u9760\u65e5\u672c\u592e\u884c\u5fae\u5e45\u52a0\u606f\u6216\u5916\u6c47\u5e72\u9884\u5f88\u96be\u5f7b\u5e95\u9006\u8f6c\u8d8b\u52bf\uff0c\u4ecd\u9700\u5bc6\u5207\u5173\u6ce8\u65e5\u672c\u8d22\u653f\u653f\u7b56\u4e0e\u5168\u7403\u5b8f\u89c2\u73af\u5883\u7684\u914d\u5408\u3002<\/p>\n<h2>\u603b\u7ed3\u4e0e\u5c55\u671b\uff1a\u5728\u53cc\u5411\u62c9\u626f\u4e2d\u5bfb\u627e\u5e73\u8861<\/h2>\n<p>\u603b\u4f53\u800c\u8a00\uff0c\u65e5\u5143\u76ee\u524d\u6b63\u5904\u4e8e\u201c\u957f\u671f\u7ed3\u6784\u6027\u538b\u5236\u201d\u4e0e\u201c\u77ed\u671f\u4e8b\u4ef6\u6027\u53cd\u5f39\u201d\u7684\u53cc\u5411\u62c9\u626f\u4e4b\u4e2d\uff1a<\/p>\n<p>\u538b\u5236\u7ebf\uff08\u4e0b\u884c\uff09\uff1a\u7f8e\u65e5\u5de8\u5927\u5229\u5dee+\u65e5\u672c\u592e\u884c\u6781\u4e3a\u8c28\u614e\u7684\u52a0\u606f\u8282\u594f\u5438\u5f15\u5957\u5229\u8d44\u91d1\u6301\u7eed\u5efa\u7acb\u7a7a\u5934\uff08\u5356\u65e5\u5143\u3001\u4e70\u7f8e\u5143\uff09\u3002<\/p>\n<p>\u63d0\u632f\u7ebf\uff08\u4e0a\u884c\uff09\uff1a165\/170\u5173\u53e3\u7684\u5b98\u65b9\u5e72\u9884\u5a01\u80c1+\u7f8e\u80a1\u56de\u8c03\u89e6\u53d1\u7684\u5957\u5229\u5e73\u4ed3+\u5341\u6708\u52a0\u606f\u9884\u671f\u8feb\u4f7f\u7a7a\u5934\u56de\u8865\uff08\u4e70\u65e5\u5143\u3001\u5356\u7f8e\u5143\uff09\u3002<\/p>\n<p>\u968f\u7740\u65e5\u672c\u8d22\u52a1\u7701\u8b66\u544a\u58f0\u6d6a\u6e10\u9ad8\u3001\u5e72\u9884\u98ce\u9669\u4e34\u754c\uff0c\u4ee5\u53ca\u7f8e\u80a1\u6ce2\u52a8\u7684\u52a0\u5267\uff0c\u6295\u8d44\u8005\u9700\u9ad8\u5ea6\u8b66\u60d5\u65e5\u5143\u5728\u7ecf\u5386\u66b4\u8dcc\u540e\uff0c\u7531\u5957\u5229\u5e73\u4ed3\u6216\u653f\u7b56\u9e70\u6d3e\u8f6c\u5411\u6240\u5f15\u53d1\u7684\u5267\u70c8\u56de\u8e29\u98ce\u9669\u3002<\/p>\n<p><img src=https:\/\/upload.fx678img.com\/upload\/ht\/20260730\/sy_2026073021352281.png alt=\"\u7f8e\u80a1\u66b4\u8dcc\uff01\u65e5\u5143\u4e0a\u6f14\u6781\u901f\u907f\u9669\u884c\u60c5\uff0c\u5957\u5229\u8e29\u8e0f\u6539\u5199\u540e\u5e02\u8d70\u52bf\" \/><br \/>\uff08<span onmouseenter=\"showHq('USDJPY',this)\" onmouseleave='closeHq(this)'>\u7f8e\u5143\u5151\u65e5\u5143<\/span>\u65e5\u7ebf\u56fe\uff0c\u6765\u6e90:\u6613\u6c47\u901a\uff09<\/p>\n<p>\u5317\u4eac\u65f6\u95f421:35\uff0c<span onmouseenter=\"showHq('USDJPY',this)\" onmouseleave='closeHq(this)'>\u7f8e\u5143\u5151\u65e5\u5143<\/span>\u73b0\u62a5162.73\/74\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6c47\u901a\u8d22\u7ecfAPP\u8baf\u2014\u2014\u5468\u56db\uff087\u670830\u65e5\uff09\u6b27\u7f8e\u65f6\u6bb5\uff0c\u7f8e\u5143\u5151\u65e5\u5143\u5168\u5929\u8d70\u5f31\u540e\u5feb\u901f\u52a0\u901f\u4e0b\u8dcc\uff0c\u4e4b\u524d\u6587\u7ae0\u5c31\u63d0\u793a\u8fd9\u91cc\u65e5\u5143\u5904\u4e8e\u5173 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"views":4,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/820257"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=820257"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/820257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=820257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=820257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=820257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}