<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="640" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<ul>
<li>英镑/日元在假期交易中波动不大。</li>
<li>由于日本的扩张性财政政策和创纪录的 122.3 万亿日元预算，日元面临压力。</li>
<li>英镑在对英格兰银行政策的谨慎展望中获得支持。</li>
</ul>
<p>英镑/日元在经历两天的下跌后稳住，周三欧洲时段交易在 210.70 附近。由于假期交易量减少，该货币对显示出有限的波动，而日元（JPY）因交易者评估该国扩张性财政政策的影响而走弱。</p>
<p>日本内阁最近批准了首相高市早苗创纪录的 122.3 万亿日元预算，旨在通过限制新债券发行在激进的财政支出和债务管理之间取得平衡。然而，日本的财政状况仍然令人担忧：公共债务已超过经济规模的两倍，政府在采取大胆刺激措施方面几乎没有空间。</p>
<p>日元的下跌部分受到对日本银行（BoJ）在 7 月会议上加息的预期的支撑，此前该行将政策利率提高至 30 年来的最高点 0.75%。此外，财政大臣片山さつき强调日本有权对过度的货币波动采取行动，进一步支持了市场的预期。</p>
<p>随着英镑（GBP）在对英格兰银行（BoE）政策展望的谨慎语气中获得支持，英镑/日元交叉汇率可能进一步上涨。英格兰银行行长安德鲁·贝利在 12 月的会议后新闻发布会上表示，利率可能会继续逐步下降，但 “我们进一步降息的幅度将变得更加接近每次降息的决策”。</p>
<p>路透社报道，货币市场预计英格兰银行将在上半年至少降息一次，并预计在年底前第二次降息的概率接近 50%。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>澳元在中国国家统计局 PMI 公布后保持稳定</p>
<p>美元指数在 FOMC 会议纪要发布前徘徊在 98.00 附近</p>
<p>由于假期交易量稀薄，澳元波动不大</p>

<p>GBP/JPY 在假期交易量稀薄的情况下稳定在 210.70 附近，受到日本扩张性财政政策和创纪录的 122.3 万亿日元预算的影响。尽管市场预期日本银行将加息，但由于高额公共债务和有限的刺激选项，日元承压。英镑则受到英国银行谨慎的政策前景支持，市场预计在上半年可能会降息。总体来看，随着市场评估这些经济因素，GBP/JPY 可能会走强</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><ul>
<li>GBP/JPY moves little amid holiday-thinned trading.</li>
<li>The Japanese Yen struggles due to the impact of Japan’s expansive fiscal policy and a record ¥122.3 trillion budget.</li>
<li>The Pound Sterling gains amid a cautious outlook surrounding Bank of England policy.</li>
</ul>
<div class="lb-trans"><ul>
<li>英镑/日元在假期交易中波动不大。</li>
<li>由于日本的扩张性财政政策和创纪录的 122.3 万亿日元预算，日元面临压力。</li>
<li>英镑在对英格兰银行政策的谨慎展望中获得支持。</li>
</ul>
</div><p>GBP/JPY holds ground after two days of losses, trading around 210.70 during the European hours on Wednesday. The currency cross showed limited movement amid holiday-thinned trading, while the Japanese yen (JPY) weakened as traders assessed the impact of the country’s expansive fiscal policy.</p>
<div class="lb-trans"><p>英镑/日元在经历两天的下跌后稳住，周三欧洲时段交易在 210.70 附近。由于假期交易量减少，该货币对显示出有限的波动，而日元（JPY）因交易者评估该国扩张性财政政策的影响而走弱。</p>
</div><p>The Japanese cabinet recently approved Prime Minister Sanae Takaichi’s record ¥122.3 trillion budget, aiming to strike a balance between aggressive fiscal spending and debt management by limiting new bond issuance. However, Japan’s fiscal position remains a concern: public debt already exceeds twice the size of the economy, leaving the government with little room to deploy bold stimulus measures.</p>
<div class="lb-trans"><p>日本内阁最近批准了首相高市早苗创纪录的 122.3 万亿日元预算，旨在通过限制新债券发行在激进的财政支出和债务管理之间取得平衡。然而，日本的财政状况仍然令人担忧：公共债务已超过经济规模的两倍，政府在采取大胆刺激措施方面几乎没有空间。</p>
</div><p>The JPY’s decline was partly cushioned by expectations of a Bank of Japan (BoJ) rate hike at the July meeting, after the bank raised its policy rate to a 30-year high of 0.75%. Further support came from signals of possible intervention, as Finance Minister Satsuki Katayama stressed Japan’s freedom to act against excessive currency moves.</p>
<div class="lb-trans"><p>日元的下跌部分受到对日本银行（BoJ）在 7 月会议上加息的预期的支撑，此前该行将政策利率提高至 30 年来的最高点 0.75%。此外，财政大臣片山さつき强调日本有权对过度的货币波动采取行动，进一步支持了市场的预期。</p>
</div><p>The GBP/JPY cross may further gain ground as the Pound Sterling (GBP) receives support from the cautious tone surrounding the Bank of England’s (BoE) policy outlook. Governor Andrew Bailey said during the December post-meeting press conference that rates are likely to continue on a gradual downward path, but &#34;how much further we go becomes a closer call&#34; with each cut.</p>
<div class="lb-trans"><p>随着英镑（GBP）在对英格兰银行（BoE）政策展望的谨慎语气中获得支持，英镑/日元交叉汇率可能进一步上涨。英格兰银行行长安德鲁·贝利在 12 月的会议后新闻发布会上表示，利率可能会继续逐步下降，但 “我们进一步降息的幅度将变得更加接近每次降息的决策”。</p>
</div><p>Reuters reported that money markets expect the BoE to deliver at least one rate reduction in the first half of the year and are pricing in nearly a 50% probability of a second cut before the end of the year.</p>
<div class="lb-trans"><p>路透社报道，货币市场预计英格兰银行将在上半年至少降息一次，并预计在年底前第二次降息的概率接近 50%。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Australian Dollar Remains Steady Following China's NBS PMI</p>
<div class="lb-trans"><p>澳元在中国国家统计局 PMI 公布后保持稳定</p>
</div><p>US Dollar Index Hovers Around 98.00 Ahead Of FOMC Meeting Minutes</p>
<div class="lb-trans"><p>美元指数在 FOMC 会议纪要发布前徘徊在 98.00 附近</p>
</div><p>Australian Dollar Moves Little Due To Thin Holiday Trading</p>
<div class="lb-trans"><p>由于假期交易量稀薄，澳元波动不大</p>
</div>

由于日本的财政政策对日元施加压力，英镑/日元在 211.00 附近保持稳定