1·We do not expect that JPY will continue to strengthen as it did following the 1995 Kobe earthquake.
我们不能期望日元会如1995年阪神地震后那样强劲。
2·The EUR and JPY reference trades formed the two other significant blocks, according to the folloeing numbers from BIS in the previous table.
根据上表BIS统计的数字，欧元和日元的交易量占据了第二和第三的位置。
3·What we saw with the Kobe earthquake in 1995 the drop in USD/JPY was 20% over 3 months.
我们曾看到坂神大地震后三个月，美元对日元跌幅达20%。
4·That is, if the market cannot buy CHF or JPY when market stress intensifies sharply, then it will pile into the USD in a more aggressive manner for liquidity.
也就是说，市场在压力急剧增大时，投资者如果不能买入瑞士法郎或日元，那么出于流动性的考虑他们就会以更激进的方式大举购入美元。
5·We remain skeptical about the long term effectiveness of unilateral JPY intervention as previous efforts have had only a short-lived impact.
因为前几次努力都只是产生昙花一现的效果，所以我们仍怀疑单边干预日元的长期效果。