日元购买量依然有增无减；美元/日元暴跌至150.00s中期。周四，日元（JPY）获得了强劲的后续牵引力，并将美元/日元对拉至12月9日以来的最低水平，在亚洲时段约为150点左右。对日本央行（BoJ）将加息的坚定预期进一步推动日本政府债券（JGB）收益率达到十多年来的最高水平。

Japanese Yen buying remains unabated; USD/JPY dives to mid-150.00s.The Japanese Yen (JPY) gained strong follow-through traction on Thursday and dragged the USD/JPY pair to its lowest level since December 9, around mid-150.00s during the Asian session. Firming expectations that the Bank of Japan (BoJ) would increase interest rates further push the Japanese government bond (JGB) yields to their highest levels in more than a decade.

日经225指数下跌0.9%，至38800点以下，而周四更广泛的东证指数下跌0.8%，至2745点，延续了前一交易日的跌幅，因为对美国总统唐纳德·特朗普不断升级的关税威胁的担忧打压了市场情绪。特朗普最近宣布计划对汽车、半导体和药品进口征收25%的关税，这些行业对日本经济至关重要。此外，美联储最近一次会议的纪要显示，政策制定者更希望在进一步降息之前看到通胀问题取得进一步进展。在日本，投资者正在等待周五的通胀数据，以衡量该国的经济前景和对货币政策的潜在影响。指数权重股大幅下跌，包括IHI Corp（-3%）、东京电子（-1.5%）和软银集团（-1.7%）。

The Nikkei 225 Index fell 0.9% to below 38,800, while the broader Topix Index dropped 0.8% to 2,745 on Thursday, extending losses from the previous session as concerns over US President Donald Trump’s escalating tariff threats weighed on market sentiment. Trump recently announced plans to impose 25% tariffs on imports of autos, semiconductors, and pharmaceuticals—sectors that are crucial to Japan's economy. In addition, minutes from the latest US Federal Reserve meeting revealed that policymakers would prefer to see further progress on inflation before making additional interest rate cuts. In Japan, investors are awaiting Friday's inflation data to gauge the country's economic outlook and potential implications for monetary policy. Sharp declines were seen in index heavyweights, including IHI Corp (-3%), Tokyo Electron (-1.5%), and SoftBank Group (-1.7%).

美元兑日元跌至10周低点150.91。在过去的4周里，美元兑日元下跌了2.91%，在过去的12个月里，它上涨了0.47%。

USDJPY decreased to a 10-week low of 150.91. Over the past 4 weeks, US Dollar Japanese Yen lost 2.91%, and in the last 12 months, it increased 0.47%.

关税谈判推动买盘重返美元（美元/日元除外！）。Trumnp希望关税取代国内税收。这是不可行的，但这并不能阻止对美元的一些购买。

Tariff talk driving bids back into the USD (USD/JPY excepted!).Trumnp wants tariffs to replace internal tax revenue. That this is not feasible is not stopping some buying of the USD.