温柔的谎言

Continued weak yen may create new problems even after US-Japan intervention_我的网站

一 |     消息一：杜兰特冲击历史第4          美媒Polymarket Hoops列出NBA历史得分榜最新情况，其中杜兰特生涯总得分已经达到32597分排名历史第5，排在他前面的科比则是33643分。

二 |     

    Illustration: Xia Qing/GT
The yen has weakened in recent days, edging closer to the psychologically important 160 level against the US dollar. The decline comes despite the widely watched move by Washington to join Tokyo in supporting the currency. Less than two weeks after the US-Japan intervention, the yen has given up roughly half of its gains, raising fresh questions over the effectiveness of coordinated efforts to stabilize the exchange rate.
Japan and the US had previously confirmed coordinated foreign exchange intervention to prop up the yen after the currency tumbled to a nearly 40-year low. At the time, some observers saw the move as potentially stabilizing the yen in the short term, although its longer-term impact remained uncertain. 
However, the subsequent market reaction suggests that even the short-term effect may have been limited. After strengthening to about 155 per dollar in the days following the intervention from above 163, the yen had slipped back above 159 by Wednesday, less than two weeks later.
Questions have emerged over whether further support for the yen may soon be needed, and whether Washington would consider stepping in again. The previous intervention was seen by some observers as a test of market confidence: the unusual coordinated move had the potential to influence market expectations and discourage bets against the yen. But if market expectations remain largely unchanged, repeated interventions could deliver diminishing returns. The US may face a difficult trade-off. Another intervention could require greater resources and come at a higher cost, while refraining from further action could raise questions over the lasting impact of the previous effort.
Market commentary has added to the uncertainty. Axios published a report headlined "Yen's weakness shows market isn't done pushing," while some reports suggested that the impact of the US-Japan intervention was beginning to fade. Such narratives could weigh on sentiment toward the yen and reinforce market expectations that the currency's weakness may persist.
Washington's involvement in supporting the yen may reflect broader economic and policy considerations. These could include avoiding a scenario in which Japan sells US Treasury holdings to support the currency, as well as concerns that a weaker yen could give Japanese exporters a greater competitive advantage. These possible considerations suggest that the intervention alone does not fully address the underlying forces behind the yen's weakness. This may help explain why the market has so far been reluctant to view the move as a turning point for the currency.
Washington's decision to join the intervention may have reflected concerns, as some observers suggest, that the yen's prolonged weakness had begun to affect US interests. If markets remain unconvinced by the US-Japan intervention, one possible outcome is that Washington could push Japan to take more costly measures to support the yen. Such a scenario could instead create some strain between Washington and Tokyo.
Beyond short-term market dynamics, the yen's weakness also reflects deeper challenges facing the Japanese economy, making a sustained reversal difficult. The currency's prolonged weakness has been influenced by the interest rate gap between Japan and the US, while also reflecting longer-term concerns over the diminishing returns of Japan's traditional growth model.
This leaves Japan facing a delicate policy balance between supporting growth and stabilizing the currency. While lower interest rates could help boost economic activity, continued weakness in the yen may strengthen calls for Japan's central bank to consider further rate increases to narrow the interest rate gap with the US.
Japan's structural challenges mean that a sustained appreciation of the yen will not be easy to achieve. The question of whether to pursue stronger measures, even at the cost of some economic growth, has become more complicated as the US takes a role in the issue. Japan may face greater pressure to support the currency, even though doing so would be difficult and could carry broader economic costs.
The author is a reporter with the Global Times. [email protected]

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三 | 这意味着，两人之间的差距只剩1046分。作为对比，杜兰特上赛季一共拿到2026分，只要新赛季继续保持目前的得分势头，超越科比基本没有太大悬念。对于已经进入生涯后期的杜兰特来说，现在每打一场比赛都可能继续刷新历史纪录，从32597分到33643分，以他的得分能力甚至不需要完整打完一个赛季，就有机会正式升到历史第4。来到火箭第二年后，杜兰特除了帮助球队冲击总冠军，个人历史地位也将迎来新的提升。         消息二：转换2+1频率联盟第5          数据媒体Stat Defender统计了2026年季后赛各支球队转换进攻中打成2+1的频率，火箭以2.6%排名联盟第5。排在他们前面的分别是魔术5.9%、森林狼4.4%、活塞3.6%和骑士2.8%，马刺、雷霆和尼克斯紧随其后。这项数据也能体现火箭年轻阵容的特点。阿门-汤普森、伊森等球员都拥有出色的运动能力，一旦完成抢断或者保护下篮板，火箭可以迅速把比赛带入转换节奏。

四 | 相比阵地战，年轻球员在高速攻防中能够充分发挥身体和冲击力，新赛季这依旧会是火箭重要的得分方式。         消息三：三分限制并列联盟第4          火箭的另一项亮眼数据来自防守端。据火媒SleeperRockets统计，上赛季阿门-汤普森、伊森、杜兰特、小贾巴里-史密斯和申京组成的阵容，可以将对手三分命中率限制在32.4%，并列联盟第4。这套阵容最大的优势就是尺寸和换防能力。阿门和伊森可以直接对上外线核心，杜兰特和小贾拥有足够的锋线身高，申京则负责内线保护。几名球员同时在场时，火箭能够减少不必要的协防，外线也很难轻松得到空位机会。

五 | 对于一支目标争冠的球队来说，进攻上限决定能走多远，防守稳定性则决定季后赛下限。

六 | 火箭如果能把这种三分限制能力延续到新赛季，防守依旧会是他们冲击西部前列的重要底气。         消息四：德安东尼进入名人堂          火箭昔日主帅迈克-德安东尼正式进入篮球名人堂，火箭官方也第一时间送上祝贺。德安东尼的执教生涯与火箭有着很深的联系，当年他围绕哈登打造出极具代表性的进攻体系，也曾带领球队成为勇士王朝时期西部最有威胁的竞争者之一。虽然最终没能帮助火箭拿到总冠军，但那几年留下的65胜、极致空间以及大量三分出手，至今仍是很多火箭球迷熟悉的记忆。

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Published on:05:50:09