日本10年期国债 (Japan10Y) 加自选

在东京，日经225指数周二下跌753点，跌幅1.92%。跌幅居前的是J Front Retailing（-9.24%）、Isetan Mitsukoshi（-8.18%）和藤仓（-7.93%）。

In Tokyo, the Nikkei 225 Index fell 753 points or 1.92 percent on Tuesday. Leading the losses are J Front Retailing (-9.24%), Isetan Mitsukoshi (-8.18%) and Fujikura (-7.93%).

日经225指数周二下跌1.5%，至38700点以下，跌至一个月来的最低水平，并跟随华尔街隔夜的大幅抛售，因为强劲的美国经济数据进一步削弱了人们对降息的信心。投资者还谨慎地等待以色列对伊朗周末史无前例的空袭作出回应。东证指数下跌1.4%，至2715点，为一周来最低。在其他地方，日元兑美元汇率自1990年6月以来首次突破154后，投资者继续关注货币走势，这进一步加剧了对干预的担忧。科技股领跌，东京电子（-3.4%）、Socionext（-2.9%）、Disco Corp（-3%）、软银集团（-2.3%）和Advantest（-3.8%）大幅下跌。所有其他行业也出现了暴跌，包括重量级的消费类、工业类和大宗商品相关股票。

The Nikkei 225 Index fell 1.5% to below 38,700 on Tuesday, sliding to its lowest levels in a month and tracking a sharp selloff on Wall Street overnight as strong US economic data further dented sentiment around interest rate cuts. Investors also cautiously awaited Israel’s response to Iran’s unprecedented air assault over the weekend. The broader Topix Index declined 1.4% to 2,715, its lowest in over a week. Elsewhere, investors continued to monitor currency moves after the Japanese yen crossed 154 per dollar for the first time since June 1990, further raising intervention fears. Technology stocks led the decline, with sharp losses from Tokyo Electron (-3.4%), Socionext (-2.9%), Disco Corp (-3%), SoftBank Group (-2.3%) and Advantest (-3.8%). All other sectors slumped as well, including heavyweight consumer, industrial and commodity-linked stocks.

JP225指数跌至38560.00点的4周低点。过去4周，日本股市指数（JP225）下跌1.28%，过去12个月上涨37.59%。

JP225 decreased to a 4-week low of 38560.00 Index Points. Over the past 4 weeks, Japan Stock Market Index (JP225) lost 1.28%, and in the last 12 months, it increased 37.59%.

日元兑美元汇率突破154，创下34年新低，受美元走强的压力，美联储和日本央行之间的货币政策分歧变得更加明显。最近的经济数据进一步强化了人们的预期，即美联储基金利率将至少在9月之前保持在5.25%-5.5%的23年高点。在2月份0.9%的增长基础上，3月份美国零售额比上月增长0.7%，超过了市场预期的0.3%，补充了最近强劲的就业和通胀报告。另一方面，尽管日本央行结束了八年的负利率并缩减了资产购买业务，但日本的关键短期利率仍保持在0%至0.1%左右。此外，交易员们意识到，日本央行期待已久的货币干预可能不会像之前预期的那样实现。

The Japanese yen crossed 154 per dollar, hitting fresh 34-year lows, under pressure from a strong dollar as the divergence in monetary policy between the US Federal Reserve and the Bank of Japan became more pronounced. Recent economic data further reinforced the expectation that the Fed funds rate will remain at a 23-year high of 5.25%-5.5% at least until September. In March, US retail sales increased by 0.7% from the previous month, surpassing market expectations of a 0.3% rise, building upon February's 0.9% growth, and complementing the recent robust jobs and inflation reports. On the other hand, despite the Bank of Japan ending eight years of negative rates and scaling back asset-buying operations, the key short-term interest rate in Japan remains around 0% to 0.1%. Additionally, traders are realizing that the long-anticipated currency intervention by the Bank of Japan may not materialize as previously expected.