南非兰特/日元 (ZARJPY) 加自选

在东京，日经225指数周一上涨434点，涨幅1.15%。涨幅最大的是Advantest（8.64%）、日野汽车（6.14%）和东京电力（5.69%）。

In Tokyo, the Nikkei 225 Index rose 434 points or 1.15 percent on Monday. Leading the gains are Advantest (8.64%), Hino Motors (6.14%) and Tokyo Electric Power (5.69%).

周一，日本10年期政府债券收益率升至1.43%左右，从五周低点反弹，因为投资者在日本央行即将召开的政策会议之前做好了准备。人们普遍预计央行将保持利率不变，因为政策制定者正在监测油价上涨对国内通胀的影响，并等待美国贸易和关税政策的进一步明确。上周，日本央行行长上田和夫重申，该行仍准备再次加息，前提是对潜在通胀率持续接近2%目标的信心。周五，由于以色列-伊朗冲突升级，对避险资产的需求增加，日本国债收益率大幅下降。敌对行动持续到周末，两国都瞄准了对方的能源基础设施，推高了油价，加剧了全球通胀压力。

Japan’s 10-year government bond yield rose to around 1.43% on Monday, rebounding from a five-week low as investors positioned ahead of the Bank of Japan’s upcoming policy meeting. The central bank is widely expected to keep interest rates unchanged, as policymakers monitor the impact of rising oil prices on domestic inflation and await further clarity on US trade and tariff policy. Last week, BOJ Governor Kazuo Ueda reiterated that the bank remains prepared to raise rates again, contingent on confidence that underlying inflation is sustainably approaching the 2% target. Japanese yields had declined sharply on Friday amid heightened demand for safe-haven assets following an escalation in the Israel-Iran conflict. The hostilities continued through the weekend, with both nations targeting each other’s energy infrastructure, pushing oil prices higher and adding to global inflationary pressures.

在关键的日本央行政策会议之前，日元仍处于不利地位。周一，日元（JPY）连续第二天下跌，在亚洲时段将美元/日元对推至144.75区域，尽管缺乏后续跟进。对日本央行（BoJ）可能放弃今年再次加息的预期，以及股市普遍乐观的基调，削弱了避险的日元。

Japanese Yen remains on the back foot ahead of the crucial BoJ policy meeting.The Japanese Yen (JPY) drifts lower for the second straight day on Monday, pushing the USD/JPY pair to the 144.75 area during the Asian session, albeit lacking follow-through. Expectations that the Bank of Japan (BoJ) might forego another interest rate hike this year, along with a generally positive tone around the equity markets, undermine the safe-haven JPY.

周一，日元兑美元汇率跌破144.2，连续第二个交易日继续下跌，因为美元因避险需求增加而走强。这些举措是在以色列和伊朗之间的袭击在周末加剧之际采取的，两国都瞄准了对方的能源基础设施，导致油价进一步上涨。这将使美联储不太可能在短期内进一步降息，因为政策制定者正在努力应对与关税和通胀相关的风险。在国内，投资者关注的是日本央行即将出台的政策决定。人们普遍预计，央行本周将保持利率不变，因为官员们正在监测全球事态发展，并评估油价上涨对日本通胀前景的影响。

The Japanese yen slipped past 144.2 per dollar on Monday, extending losses for a second consecutive session, as the US dollar strengthened on increased safe-haven demand. Those moves came as the attacks between Israel and Iran intensified over the weekend, with both nations targeting each other’s energy infrastructure, leading to further rally in oil prices. This would make the Federal Reserve less likely to cut interest rates further in the near-term as policymakers grapple with tariff-related and inflationary risks. Domestically, investors are focused on the Bank of Japan’s upcoming policy decision. The central bank is widely expected to keep interest rates unchanged this week as officials monitor global developments and assess the impact of rising oil prices on Japan’s inflation outlook.