擺脫 32年來最低點
Japan’s yen is on the rebound from its lowest value against the US dollar since 1990.
日圓兌美元的匯率已從1990年來最低水準反彈。
This 32-year low was mainly the result of expectations that the US Federal Reserve would be continuing its aggressive raises in interest rates to battle inflation.
先前市場預期美國聯準會為了對抗通膨而持續大幅升息，使日圓處於32年來最低點。
combat(v.)對抗
Since that time, though, the yen has seen over a 13% increase in value.
不過之後日圓升值了逾13％。
Domestically, the Bank of Japan’s ultra-loose monetary policies were to blame for the yen’s low performance earlier this year.
在日本國內，日本銀行堅持實施超寬鬆貨幣政策，導致日圓今年初走低。
tight monetary policy緊縮貨幣政策
However, Japan’s government has been working to stabilize its currency by deploying 9 trillion yen, the equivalent of around US$64 billion, since September.
然而，日本政府自九月以來已動用了9兆日圓（約640億美元）來穩定日圓。
stable(adj.)穩定的stabilize(v.)(使)穩定stability(n.)穩定性deploy(v.)有效利用
Combined with a mid-November report showing a drop in US inflation and, consequently, a potential for slowdowns of interest rate hikes, the yen’s value has gotten a big boost.
再加上一份11月中旬的報告顯示美國通膨率下滑，因此聯準會有望放慢升息步調，使得日圓大幅升值。
Additionally, many foreign exchange analysts have been seeing different dynamics as the yen is making its recovery.
此外，許多外匯分析師紛紛預測日圓反彈的不同走勢。
dynamics(n.)動力、動向dynamic(adj.)不斷變化的、不斷發展的
As opposed to the times of volatility this fall, short-term bets on yen by global investors have been reduced, showing that Japan’s currency has gained more stability in the FX market.
相較於秋季的劇烈波動，全球投資者對日圓的短期押注減少，足見日圓在外匯市場上已逐漸站穩腳步。
volatility(n.)波動(性)volatile(adj.)易變動的
According to analysts at JPMorgan, one of the more notable aspects of this situation is that “Japanese institutional investors including life insurers and banks are heavy participants in the yen’s recent surge.”
摩根大通分析師指出，這個情形中比較值得關注的層面是「壽險公司、銀行等日本機構投資人是帶動近期日圓升值的主力」。
surge(n.)陡增、遽增、急遽上升
With the dollar-yen pair remaining relatively stable in both London’s and New York’s recent trading sessions, along with heavy trading of the pair over the past week’s Tokyo sessions, larger gains may be in store for Japan’s yen if investors and the corporate sector start increasing “fresh currency hedges against yen strength,” while divesting foreign assets.
過去一週以來，美元兌日圓在倫敦和紐約交易時段相對穩定，且在東京匯市交易量大，而若投資者與企業界開始提高「避免日圓走強的避險」，並出售外國資產，日圓匯價將有可能再度走高。
in store即將發生hedge(n.)樹籬；保護機制、避險divest(v.)出售、賣掉divestment(n.)撤資、出售