日元套利交易是利用日元与其他高息货币间利率差来获得利润的交易方式,其产生的主要原因是日元与欧元、英镑及美元等高息货币间的利率差较大。日元套利交易不仅会使日元汇率出现大幅下跌,而且加剧了全球资产价格的膨胀,而其获利平仓又将造成全球金融市场的大幅动荡。 The JPY carry trade is a transaction that makes use of the interest rate differential between the yen and other high-interest currencies to generate profits. The main reason for this is the large interest rate differential between high-yielding currencies such as the yen, the euro, the pound and the U.S. dollar. The yen carry trade not only causes a sharp fall in the yen exchange rate, but also exacerbates the inflation of global asset prices, which in turn leads to a sharp turmoil in global financial markets.