<\/p>\n\n\n\n
<\/p>\n\n\n\n
<\/p>\n\n\n\n
\u0625\u064a\u0647 \u0639\u0644\u0627\u0642\u0629 \u0627\u0644\u064a\u0646 \u0627\u0644\u064a\u0627\u0628\u0627\u0646\u064a \u0628\u0627\u0644\u0630\u0647\u0628\u061f<\/strong> <\/p>\n\n\n\n \u0627\u0644\u0633\u0624\u0627\u0644 \u062f\u0647 \u0645\u0645\u0643\u0646 \u064a\u0628\u0627\u0646 \u063a\u0631\u064a\u0628 \u0641\u064a \u0627\u0644\u0628\u062f\u0627\u064a\u0629\u060c \u0644\u0643\u0646 \u0627\u0644\u0644\u064a \u0628\u064a\u062d\u0635\u0644 \u0641\u064a \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u062d\u0627\u0644\u064a\u064b\u0627 \u0645\u0647\u0645 \u062c\u062f\u064b\u0627 \u0644\u0623\u064a \u062d\u062f \u0628\u064a\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0630\u0647\u0628 \u0623\u0648 \u0627\u0644\u062f\u0648\u0644\u0627\u0631. <\/p>\n\n\n\n \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0644\u0633\u0646\u0648\u0627\u062a \u0637\u0648\u064a\u0644\u0629 \u0643\u0627\u0646\u062a \u0635\u0627\u062d\u0628\u0629 \u0648\u0627\u062d\u062f\u0629 \u0645\u0646 \u0623\u0642\u0644 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u060c \u0648\u062f\u0647 \u062e\u0644\u0642 \u0638\u0627\u0647\u0631\u0629 \u0627\u0633\u0645\u0647\u0627 Yen Carry Trade. <\/p>\n\n\n\n \u0628\u0628\u0633\u0627\u0637\u0629:<\/strong> <\/p>\n\n\n\n \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u064a\u0642\u062a\u0631\u0636 \u0628\u0627\u0644\u064a\u0646 \u0628\u062a\u0643\u0644\u0641\u0629 \u0645\u0646\u062e\u0641\u0636\u0629 \u2192 \u064a\u062d\u0648\u0644 \u0627\u0644\u064a\u0646 \u0644\u062f\u0648\u0644\u0627\u0631 \u2192 \u0648\u064a\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0641\u064a \u0623\u0635\u0648\u0644 \u0628\u062a\u062f\u064a \u0639\u0627\u0626\u062f \u0623\u0639\u0644\u0649\u060c \u062e\u0635\u0648\u0635\u064b\u0627 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0648\u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629. <\/p>\n\n\n\n \u0648\u0637\u0627\u0644\u0645\u0627 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0645\u0646\u062e\u0641\u0636\u0629 \u0648\u0627\u0644\u064a\u0646 \u0636\u0639\u064a\u0641\u060c \u0627\u0644\u0644\u0639\u0628\u0629 \u062f\u064a \u0628\u062a\u0634\u062a\u063a\u0644 \u0628\u0634\u0643\u0644 \u0645\u0645\u062a\u0627\u0632. <\/p>\n\n\n\n \u0644\u0643\u0646 \u0625\u064a\u0647 \u0627\u0644\u0644\u064a \u0627\u062a\u063a\u064a\u0631\u061f<\/strong> <\/p>\n\n\n\n \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0628\u062f\u0623 \u064a\u062e\u0631\u062c \u062a\u062f\u0631\u064a\u062c\u064a\u064b\u0627 \u0645\u0646 \u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0646\u062e\u0641\u0636\u0629. <\/p>\n\n\n\n \u0648\u0641\u064a \u064a\u0648\u0646\u064a\u0648 \u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0625\u0644\u0649 1%\u060c \u0648\u0647\u064a \u0623\u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647\u0627 \u0645\u0646\u0630 \u0639\u0642\u0648\u062f\u060c \u0648\u0627\u0644\u0622\u0646 \u0645\u062d\u0627\u0641\u0638 \u0627\u0644\u0628\u0646\u0643 Kazuo Ueda \u0623\u0644\u0645\u062d \u0625\u0644\u0649 \u0623\u0646 \u0627\u062c\u062a\u0645\u0627\u0639 \u0633\u0628\u062a\u0645\u0628\u0631 \u0633\u064a\u0646\u0627\u0642\u0634 \u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0631\u0641\u0639 \u062c\u062f\u064a\u062f \u0644\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u062e\u0635\u0648\u0635\u064b\u0627 \u0645\u0639 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u062a\u0636\u062e\u0645\u064a\u0629 \u0648\u0636\u0639\u0641 \u0627\u0644\u064a\u0646. <\/p>\n\n\n\n \u0648\u0627\u0644\u064a\u0646 \u062d\u0627\u0644\u064a\u064b\u0627 \u0642\u0631\u064a\u0628 \u0645\u0646 160 \u064a\u0646 \u0644\u0644\u062f\u0648\u0644\u0627\u0631\u060c \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0623\u064a \u062a\u0648\u0642\u0639\u0627\u062a \u0628\u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u064a\u0627\u0628\u0627\u0646\u064a\u0629 \u0645\u0645\u0643\u0646 \u062a\u062f\u0639\u0645 \u0627\u0644\u064a\u0646 \u0648\u062a\u0636\u063a\u0637 \u0639\u0644\u0649 USD\/JPY. <\/p>\n\n\n\n \u0648\u0647\u0646\u0627 \u062a\u0628\u062f\u0623 \u0627\u0644\u0642\u0635\u0629 \u0627\u0644\u0644\u064a \u062a\u0647\u0645\u0646\u0627 \u0641\u064a \u0627\u0644\u0630\u0647\u0628.<\/strong> <\/p>\n\n\n\n \u0644\u0648 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0623\u0648 \u0623\u0635\u0628\u062d \u0623\u0643\u062b\u0631 \u062a\u0634\u062f\u062f\u064b\u0627: <\/p>\n\n\n\n \u2b07\ufe0f \u062c\u0627\u0630\u0628\u064a\u0629 \u0627\u0644\u0640 Yen Carry Trade \u062a\u0642\u0644 <\/p>\n\n\n\n \u2b07\ufe0f \u0628\u0639\u0636 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u064a\u0628\u062f\u0623\u0648\u0627 \u064a\u0641\u0643\u0648\u0627 \u0645\u0631\u0627\u0643\u0632\u0647\u0645 <\/p>\n\n\n\n \u2b07\ufe0f \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0628\u0639\u0636 \u0627\u0644\u0623\u0635\u0648\u0644 \u0630\u0627\u062a \u0627\u0644\u0639\u0627\u0626\u062f \u0627\u0644\u0645\u0631\u062a\u0641\u0639 \u0645\u0645\u0643\u0646 \u064a\u062a\u0631\u0627\u062c\u0639 <\/p>\n\n\n\n \u2b07\ufe0f \u0648\u0642\u062f \u0646\u0634\u0647\u062f \u062a\u062d\u0631\u0643\u0627\u062a \u0641\u064a \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0646\u062a\u064a\u062c\u0629 \u0625\u0639\u0627\u062f\u0629 \u062a\u0648\u0632\u064a\u0639 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 <\/p>\n\n\n\n \u0648\u0627\u0644\u0623\u0647\u0645<\/strong>\u2026 <\/p>\n\n\n\n \u0645\u0645\u0643\u0646 \u0646\u0634\u0648\u0641 \u062a\u062d\u0631\u0643 \u0642\u0648\u064a \u0641\u064a \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0627\u0644\u0640 Treasury Yields. <\/p>\n\n\n\n \u0648\u062f\u0647 \u0628\u0627\u0644\u0636\u0628\u0637 \u0627\u0644\u0645\u0643\u0627\u0646 \u0627\u0644\u0644\u064a \u064a\u062f\u062e\u0644 \u0641\u064a\u0647 \u0627\u0644\u0630\u0647\u0628. <\/p>\n\n\n\n \u0644\u0623\u0646 \u0627\u0644\u0630\u0647\u0628 \u0628\u064a\u062a\u0623\u062b\u0631 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631 \u0628\u0640: <\/p>\n\n\n\n USD + Real Yields + \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0641\u0627\u0626\u062f\u0629 <\/p>\n\n\n\n \u0641\u0644\u0648 \u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0627\u0646\u062e\u0641\u0636\u062a \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629\u060c \u0627\u0644\u0628\u064a\u0626\u0629 \u0639\u0627\u062f\u0629\u064b \u062a\u0635\u0628\u062d \u0623\u0643\u062b\u0631 \u062f\u0639\u0645\u064b\u0627 \u0644\u0644\u0630\u0647\u0628. <\/p>\n\n\n\n \u0644\u0643\u0646 \u062e\u0644\u064a \u0628\u0627\u0644\u0643\u2026<\/strong> <\/p>\n\n\n\n \u0645\u0634 \u0645\u0639\u0646\u0649 \u0625\u0646 \u0627\u0644\u064a\u0646 \u064a\u0642\u0648\u0649 = \u0627\u0644\u0630\u0647\u0628 \u0644\u0627\u0632\u0645 \u064a\u0637\u0644\u0639. <\/p>\n\n\n\n \u0627\u0644\u0639\u0644\u0627\u0642\u0629 \u0645\u0634 \u0645\u0628\u0627\u0634\u0631\u0629 \u0628\u0627\u0644\u0634\u0643\u0644 \u062f\u0647. <\/p>\n\n\n\n \u0627\u0644\u0644\u064a \u064a\u0647\u0645\u0646\u0627 \u0647\u0648 \u0633\u0628\u0628 \u0642\u0648\u0629 \u0627\u0644\u064a\u0646. <\/p>\n\n\n\n \u0644\u0648 \u0627\u0644\u064a\u0646 \u0628\u064a\u0642\u0648\u0649 \u0628\u0633\u0628\u0628 \u062a\u0648\u0642\u0639\u0627\u062a \u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u064a\u0627\u0628\u0627\u0646\u060c \u0648\u0641\u064a \u0646\u0641\u0633 \u0627\u0644\u0648\u0642\u062a \u062f\u0647 \u0628\u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0641\u0643 \u062c\u0632\u0621 \u0645\u0646 \u0627\u0644\u0640 Carry Trade \u0648\u0625\u0639\u0627\u062f\u0629 \u062a\u0645\u0631\u0643\u0632 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0639\u0627\u0644\u0645\u064a\u064b\u0627\u060c \u0647\u0646\u0627 \u0645\u0645\u0643\u0646 \u0646\u0634\u0648\u0641 \u062a\u0623\u062b\u064a\u0631 \u063a\u064a\u0631 \u0645\u0628\u0627\u0634\u0631 \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0639\u0644\u0649 \u0627\u0644\u0630\u0647\u0628. <\/p>\n\n\n\n \u0648\u0639\u0634\u0627\u0646 \u0643\u062f\u0647\u060c \u0645\u0646 \u0627\u0644\u0646\u0647\u0627\u0631\u062f\u0647: <\/p>\n\n\n\n \u0644\u0645\u0627 \u062a\u062a\u0627\u0628\u0639 USD\/JPY <\/p>\n\n\n\n \u0645\u0627 \u062a\u0628\u0635\u0634 \u0639\u0644\u064a\u0647 \u0628\u0627\u0639\u062a\u0628\u0627\u0631\u0647 \u0632\u0648\u062c \u0639\u0645\u0644\u0627\u062a \u062e\u0627\u0635 \u0628\u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0641\u0642\u0637. <\/p>\n\n\n\n \u0628\u0635 \u0639\u0644\u064a\u0647 \u0643\u0648\u0627\u062d\u062f \u0645\u0646 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0644\u064a \u0645\u0645\u0643\u0646 \u064a\u0642\u0648\u0644\u0643: <\/p>\n\n\n\n \u0647\u0644 \u0627\u0644\u0640 Carry Trade \u0628\u064a\u062a\u0648\u0633\u0639\u061f <\/p>\n\n\n\n \u0648\u0644\u0627 \u0628\u062f\u0623 \u064a\u062d\u0635\u0644 \u0644\u0647 Unwinding\u061f <\/p>\n\n\n\n \u0648\u0627\u0644\u0633\u0648\u0642 \u062d\u0627\u0644\u064a\u064b\u0627 \u0639\u0646\u062f \u0646\u0642\u0637\u0629 \u0645\u0647\u0645\u0629 \u062c\u062f\u064b\u0627. <\/p>\n\n\n\n \u0645\u062d\u0627\u0641\u0638 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0623\u0644\u0645\u062d \u0625\u0644\u0649 \u0645\u0646\u0627\u0642\u0634\u0629 \u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u062c\u062a\u0645\u0627\u0639 \u0633\u0628\u062a\u0645\u0628\u0631\u060c \u0648\u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u062a\u0631\u0627\u0642\u0628 \u0628\u0634\u062f\u0629 \u062a\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u064a\u0646 \u0648\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u064a\u0627\u0628\u0627\u0646\u064a\u0629. <\/p>\n\n\n\n \u0627\u0644\u062e\u0644\u0627\u0635\u0629:<\/strong> <\/p>\n\n\n\n \u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u062a\u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 <\/p>\n\n\n\n \u2192 \u0627\u0644\u064a\u0646 \u064a\u0642\u0648\u0649 <\/p>\n\n\n\n \u2192 Carry Trade \u064a\u0628\u062f\u0623 \u064a\u0636\u0639\u0641 <\/p>\n\n\n\n \u2192 \u062d\u0631\u0643\u0629 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u062a\u062a\u063a\u064a\u0631 <\/p>\n\n\n\n \u2192 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u064a\u062a\u0623\u062b\u0631\u0648\u0627 <\/p>\n\n\n\n \u2192 \u0648\u0627\u0644\u0630\u0647\u0628 \u0645\u0645\u0643\u0646 \u064a\u062a\u0623\u062b\u0631 \u0628\u0642\u0648\u0629. <\/p>\n\n\n\n \u0644\u0630\u0644\u0643\u2026 <\/p>\n\n\n\n \u0644\u0648 \u0623\u0646\u062a \u0628\u062a\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0630\u0647\u0628\u060c \u0645\u062a\u0628\u0635\u0634 \u0639\u0644\u0649 \u0627\u0644\u0630\u0647\u0628 \u0644\u0648\u062d\u062f\u0647. <\/p>\n\n\n\n \u0631\u0627\u0642\u0628: <\/p>\n\n\n\n USD\/JPY <\/p>\n\n\n\n DXY <\/p>\n\n\n\n US10Y <\/p>\n\n\n\n Real Yields <\/p>\n\n\n\n BOJ <\/p>\n\n\n\n Fed <\/p>\n\n\n\n \u0644\u0623\u0646 \u0623\u062d\u064a\u0627\u0646\u064b\u0627 \u062d\u0631\u0643\u0629 \u0627\u0644\u0630\u0647\u0628 \u062a\u0628\u062f\u0623 \u0645\u0646 \u0645\u0643\u0627\u0646 \u0628\u0639\u064a\u062f 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\u0623\u0635\u0628\u062d \u0623\u0643\u062b\u0631 \u062a\u0634\u062f\u062f\u064b\u0627: \u2b07\ufe0f \u062c\u0627\u0630\u0628\u064a\u0629 \u0627\u0644\u0640 Yen Carry Trade \u062a\u0642\u0644 \u2b07\ufe0f \u0628\u0639\u0636 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u064a\u0628\u062f\u0623\u0648\u0627 \u064a\u0641\u0643\u0648\u0627 \u0645\u0631\u0627\u0643\u0632\u0647\u0645 \u2b07\ufe0f \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0648\u0628\u0639\u0636 \u0627\u0644\u0623\u0635\u0648\u0644 \u0630\u0627\u062a \u0627\u0644\u0639\u0627\u0626\u062f \u0627\u0644\u0645\u0631\u062a\u0641\u0639 \u0645\u0645\u0643\u0646 \u064a\u062a\u0631\u0627\u062c\u0639 \u2b07\ufe0f \u0648\u0642\u062f \u0646\u0634\u0647\u062f \u062a\u062d\u0631\u0643\u0627\u062a \u0641\u064a \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0646\u062a\u064a\u062c\u0629 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\u0627\u0644\u064a\u0627\u0628\u0627\u0646\u060c \u0648\u0641\u064a \u0646\u0641\u0633 \u0627\u0644\u0648\u0642\u062a \u062f\u0647 \u0628\u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0641\u0643 \u062c\u0632\u0621 \u0645\u0646 \u0627\u0644\u0640 Carry … <\/p>","protected":false},"author":4678,"featured_media":17181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-17176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold"],"acf":[],"_links":{"self":[{"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/posts\/17176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/users\/4678"}],"replies":[{"embeddable":true,"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/comments?post=17176"}],"version-history":[{"count":2,"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/posts\/17176\/revisions"}],"predecessor-version":[{"id":17178,"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/posts\/17176\/revisions\/17178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/media\/17181"}],"wp:attachment":[{"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/media?parent=17176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/categories?post=17176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fahimnifx.com\/ar\/wp-json\/wp\/v2\/tags?post=17176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u0646\u0627\u0631\u062f\u064a\u0646 \u0634\u062d\u0627\u062a\u0629 <\/strong> <\/p>\n\n\n\n<\/h2>\n\n\n\n