日本个人投资者目前大量卖出日元，估计其卖盘数量超过了对冲基金对日元的买盘，因而遏制了日元的上涨。

Individual Japanese investors¹ are keeping a lid on the yen²'s rise by selling the currency in volumes that are estimated to be larger than hedge-fund buying of the currency.

在过去一周左右的时间里，日本个人投资者买进美元、卖出日元的外汇保证金交易明显增加，以利用这两种货币之间的利差获利。

In the past week or so, Japanese individuals have significantly increased foreign exchange margin³ trading to buy dollars and sell yen to take advantage of the interest rate differentials.

过去两年，外汇保证金交易在日本个人投资者中的受欢迎程度明显上升。这种交易允许投资者交易数倍于其保证金的外汇。

Forex margin trading, which allows investors to trade several times their own funds put down as collateral⁴, has surged in popularity among Japanese individual investors in the past two years.