{"id":38710,"date":"2026-02-20T00:31:45","date_gmt":"2026-02-20T00:31:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9d%bc%eb%b3%b8-cpi-%eb%b0%9c%ed%91%9c%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ed%8a%b8%eb%a0%88%ec%9d%b4%eb%8d%94%eb%93%a4%ec%9d%80-usd-jpy%eb%a5%bc-155-00-%eb%b6%80%ea%b7%bc%ec%97%90%ec%84%9c\/"},"modified":"2026-02-20T00:31:45","modified_gmt":"2026-02-20T00:31:45","slug":"%ec%9d%bc%eb%b3%b8-cpi-%eb%b0%9c%ed%91%9c%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ed%8a%b8%eb%a0%88%ec%9d%b4%eb%8d%94%eb%93%a4%ec%9d%80-usd-jpy%eb%a5%bc-155-00-%eb%b6%80%ea%b7%bc%ec%97%90%ec%84%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9d%bc%eb%b3%b8-cpi-%eb%b0%9c%ed%91%9c%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ed%8a%b8%eb%a0%88%ec%9d%b4%eb%8d%94%eb%93%a4%ec%9d%80-usd-jpy%eb%a5%bc-155-00-%eb%b6%80%ea%b7%bc%ec%97%90%ec%84%9c\/","title":{"rendered":"\uc77c\ubcf8 CPI \ubc1c\ud45c\ub97c \uc55e\ub450\uace0 \ud2b8\ub808\uc774\ub354\ub4e4\uc740 USD\/JPY\ub97c 155.00 \ubd80\uadfc\uc5d0\uc11c \uc720\uc9c0\ud558\uace0 \uc788\uc73c\uba70, \uc5d4\ud654\ub294 \ubc15\uc2a4\uad8c \ud750\ub984\uc744 \uc774\uc5b4\uac00\uace0 \uc788\ub2e4."},"content":{"rendered":"USD\/JPY\ub294 \ubaa9\uc694\uc77c \uc881\uc740 \ubc94\uc704\uc5d0\uc11c \uc6c0\uc9c1\uc600\uace0, 155.00\uc744 \uc7a0\uae50 \ub118\uae34 \ub4a4 154.95 \ubd80\uadfc\uc5d0 \uba38\ubb3c\ub800\uc2b5\ub2c8\ub2e4. \uae08\uc694\uc77c \uc77c\ubcf8 CPI \ubc1c\ud45c\ub97c \uc55e\ub450\uace0 \uac70\ub798\ub294 \uc870\uc2ec\uc2a4\ub7ec\uc6b4 \ubd84\uc704\uae30\uc600\uc2b5\ub2c8\ub2e4.\n\n\ubbf8\uad6d \ub2ec\ub7ec\ub294 \uacac\uc870\ud55c \ubbf8\uad6d \uc9c0\ud45c\uc640 \uc5f0\uc900(Fed) 1\uc6d4 \ud68c\uc758\ub85d\uc758 \ub9e4\ud30c\uc801(\ubb3c\uac00\ub97c \uc7a1\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \ub192\uac8c \uc720\uc9c0\ud558\ub824\ub294) \ubd84\uc704\uae30\uc5d0 \ud798\uc744 \ubc1b\uc558\uc2b5\ub2c8\ub2e4. \uc815\ucc45 \ub2f4\ub2f9\uc790\ub4e4\uc740 \ud55c\ub3d9\uc548 \uae08\ub9ac\ub97c \uadf8\ub300\ub85c \ub458 \uc218 \uc788\ub2e4\uace0 \ub17c\uc758\ud588\uace0, \ubb3c\uac00\uac00 \ubaa9\ud45c\uce58\ubcf4\ub2e4 \ub192\uac8c \uc720\uc9c0\ub418\uba74 \uc55e\uc73c\ub85c \uae08\ub9ac\ub97c \ub354 \uc62c\ub9b4 \uac00\ub2a5\uc131\ub3c4 \ubc30\uc81c\ud558\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4.\n\n

\ubbf8\uad6d \uc9c0\ud45c\uac00 \ub2ec\ub7ec\ub97c \uc9c0\uc9c0<\/h3>\n\ubbf8\uad6d \ub2ec\ub7ec \uc9c0\uc218(DXY, \ub2ec\ub7ec\uc758 \uac15\uc138\ub97c \uc5ec\ub7ec \ud1b5\ud654 \ub300\ube44\ub85c \ub098\ud0c0\ub0b8 \uc9c0\uc218)\ub294 \uc57d 97.95\ub85c, 2\uc6d4 6\uc77c \uc774\ud6c4 \ucd5c\uace0 \uc218\uc900\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uc2e0\uaddc \uc2e4\uc5c5\uc218\ub2f9 \uccad\uad6c\uac74\uc218(Initial Jobless Claims, \uc0c8\ub85c \uc2e4\uc5c5\uc218\ub2f9\uc744 \uc2e0\uccad\ud55c \uac74\uc218)\ub294 2\uc6d4 14\uc77c\ub85c \ub05d\ub09c \uc8fc\uc5d0 206K(20\ub9cc6\ucc9c \uac74)\ub85c \ub0b4\ub824\uac14\uc2b5\ub2c8\ub2e4. \uc608\uc0c1\uce58 225K, \uc774\uc804\uce58 229K\ubcf4\ub2e4 \ub0ae\uc558\uc2b5\ub2c8\ub2e4. 4\uc8fc \uc774\ub3d9\ud3c9\uade0(\uc8fc\uac04 \ubcc0\ub3d9\uc744 \uc904\uc774\uae30 \uc704\ud574 4\uc8fc\uce58\ub97c \ud3c9\uade0\ub0b8 \uac12)\uc740 220K\uc5d0\uc11c 219K\ub85c \uc18c\ud3ed \ub0ae\uc544\uc84c\uc2b5\ub2c8\ub2e4.\n\n\ud544\ub77c\ub378\ud53c\uc544 \uc5f0\uc740 \uc81c\uc870\uc5c5 \uc9c0\uc218(Philadelphia Fed Manufacturing Survey, \uc81c\uc870\uc5c5 \uacbd\uae30 \ud750\ub984\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc124\ubb38 \uae30\ubc18 \uc9c0\ud45c)\ub294 2\uc6d4 16.3\uc73c\ub85c \uc62c\ub77c, \uc608\uc0c1 8.5\ub97c \uc6c3\ub3cc\uc558\uace0 1\uc6d4 12.6\ubcf4\ub2e4\ub3c4 \ub192\uc558\uc2b5\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \uc62c\ud574 \uac70\uc758 2\ud68c\uc5d0 \uac00\uae4c\uc6b4 \uae08\ub9ac \uc778\ud558\ub97c \uc5ec\uc804\ud788 \ubc18\uc601\ud558\uace0 \uc788\uc73c\uba70, \uad00\uc2ec\uc740 \uadfc\uc6d0 PCE(Core PCE, \ubcc0\ub3d9\uc774 \ud070 \uc2dd\ud488\u00b7\uc5d0\ub108\uc9c0\ub97c \ube80 \uac1c\uc778\uc18c\ube44\uc9c0\ucd9c \ubb3c\uac00), 4\ubd84\uae30 GDP(Q4 GDP, 4\ubd84\uae30 \uad6d\ub0b4\ucd1d\uc0dd\uc0b0), 2\uc6d4 PMI(February PMI, \uae30\uc5c5 \uc124\ubb38\uc73c\ub85c \ubcf8 \uacbd\uae30 \uccb4\uac10 \uc9c0\uc218)\ub85c \uc62e\uaca8\uac14\uc2b5\ub2c8\ub2e4.\n\n\uc77c\ubcf8\uc758 CPI(\uc18c\ube44\uc790\ubb3c\uac00)\ub294 \uc77c\ubcf8\uc740\ud589(BoJ) \uc815\ucc45 \ud78c\ud2b8\ub97c \uc704\ud574 \uc8fc\ubaa9\ub429\ub2c8\ub2e4. \ub85c\uc774\ud130 \uc124\ubb38(2\uc6d4 10~18\uc77c)\uc5d0\uc11c 76\uba85 \uacbd\uc81c\ud559\uc790 \ubaa8\ub450 3\uc6d4\uc5d0\ub294 \ubcc0\ud654\uac00 \uc5c6\uc744 \uac83\uc73c\ub85c \ubd24\uace0, 58%(74\uba85 \uc911 43\uba85)\ub294 6\uc6d4 \ub9d0\uae4c\uc9c0 \uc815\ucc45\uae08\ub9ac\uac00 1%\uac00 \ub420 \uac83\uc73c\ub85c \ubd24\uc2b5\ub2c8\ub2e4. \uc2dc\uc810\uc5d0 \ub2f5\ud55c 44\uba85 \uac00\uc6b4\ub370 6\uc6d4(36%), 4\uc6d4(20%), 7\uc6d4(34%)\uc774 \uac70\ub860\ub410\uc2b5\ub2c8\ub2e4.\n\n\ud604\uc7ac \uae30\uc900\uc73c\ub85c USD\/JPY\ub294 160.00\uc744 \ud5a5\ud574 \uacc4\uc18d \ubc00\uc5b4 \uc62c\ub9ac\ub294 \ud750\ub984\uc744 \ubcf4\uc774\uace0 \uc788\uc73c\uba70, 1\ub144 \uc804\uc758 \ubc15\uc2a4\uad8c(\uc881\uc740 \ubc94\uc704\uc5d0\uc11c \uc624\ub974\ub0b4\ub9ac\ub294 \ud750\ub984)\uacfc\ub294 \ud06c\uac8c \ub2e4\ub985\ub2c8\ub2e4. 2025\ub144 2\uc6d4\uc5d0\ub294, \uc2dc\uc7a5\uc774 \uac15\ud55c \ub2ec\ub7ec\uc640 \uc77c\ubcf8\uc740\ud589(BoJ)\uc758 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \ud568\uaed8 \uc800\uc6b8\uc9c8\ud558\uba74\uc11c 155.00 \ubd80\uadfc\uc5d0 \ubb36\uc5ec \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \uc11c\ub85c \ubc18\ub300 \ubc29\ud5a5\uc758 \ud798\uc774 \ub9de\uc11c\uba74\uc11c \uc7a0\uc2dc \uade0\ud615\uc774 \ub9cc\ub4e4\uc5b4\uc84c\uc2b5\ub2c8\ub2e4.\n\n

\uc5d4\ud654 \uc57d\uc138\uac00 \uacc4\uc18d\ub41c \uc774\uc720<\/h3>\n2025\ub144 \ucd08\uc5d0\ub294 BoJ\uac00 \uadf8\ud574 \uc5ec\ub984\uae4c\uc9c0 \uc815\ucc45\uae08\ub9ac\ub97c 1%\ub85c \uc62c\ub9b4 \uac83\uc774\ub77c\ub294 \uc608\uc0c1\uc774 \ub110\ub9ac \ud37c\uc84c\uc9c0\ub9cc, \uc2e4\uc81c\ub85c\ub294 \uadf8\ub807\uac8c \ub418\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4. \uc911\uc559\uc740\ud589 \uc790\ub8cc\ub97c \ubcf4\uba74 \ud604\uc7ac BoJ\uc758 \uae30\uc900 \uc815\ucc45\uae08\ub9ac(\uc911\uc559\uc740\ud589\uc774 \uc815\ud558\ub294 \ub300\ud45c \uae08\ub9ac)\ub294 0.25%\uc5d0 \ubd88\uacfc\ud569\ub2c8\ub2e4. \uc2dc\uc7a5\uc774 \uae30\ub300\ud588\ub358 \uac83\ubcf4\ub2e4 \ud6e8\uc52c \ub290\ub9b0 \uc778\uc0c1 \uc18d\ub3c4\uac00 \uc9c0\ub09c 12\uac1c\uc6d4 \ub3d9\uc548 \uc5d4\ud654 \uc57d\uc138\uc758 \ud575\uc2ec \uc694\uc778\uc774\uc5c8\uc2b5\ub2c8\ub2e4.\n\n\ubc18\ub300\ub85c, 2025\ub144 \ucd08\uc5d0 \ubcf4\uc600\ub358 \uc5f0\uc900\uc758 \ub9e4\ud30c\uc801 \uc785\uc7a5\uc740 \ubb3c\uac00\uac00 \uc798 \ub0b4\ub824\uc624\uc9c0 \uc54a\uc73c\uba74\uc11c \uadf8\ud574 \ub300\ubd80\ubd84 \uae30\uac04 \uc720\uc9c0\ub410\uc2b5\ub2c8\ub2e4. \ucd5c\uadfc 2026\ub144 1\uc6d4 \ubbf8\uad6d \ubb3c\uac00 \uc790\ub8cc\ub294 \uadfc\uc6d0 CPI(core CPI, \uc2dd\ud488\u00b7\uc5d0\ub108\uc9c0\ub97c \ube80 \uc18c\ube44\uc790\ubb3c\uac00)\uac00 3.2%\ub85c \uc5ec\uc804\ud788 \ub192\uc740 \uc218\uc900\uc784\uc744 \ud655\uc778\ud574\uc92c\uace0, \uc774\ub294 \ubbf8\uad6d\uacfc \uc77c\ubcf8\uc758 \uae08\ub9ac \ucc28(interest rate differential, \ub450 \ub098\ub77c \uae08\ub9ac\uc758 \uaca9\ucc28)\ub97c \ub354 \ubc8c\uc5b4\uc9c4 \uc0c1\ud0dc\ub85c \uc720\uc9c0\uc2dc\ucf1c \ub2ec\ub7ec\uc5d0 \uc720\ub9ac\ud558\uac8c \ub9cc\ub4e4\uc5c8\uc2b5\ub2c8\ub2e4. \uc774 \uaca9\ucc28\ub294 \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc(carry trade, \uae08\ub9ac\uac00 \ub0ae\uc740 \ud1b5\ud654\ub85c \ube4c\ub824 \uae08\ub9ac\uac00 \ub192\uc740 \ud1b5\ud654\ub97c \uc0ac\ub294 \uac70\ub798)\ub97c \uacc4\uc18d \uc790\uadf9\ud569\ub2c8\ub2e4. \uc989, \uc5d4\ud654\ub97c \ube4c\ub824 \ub2ec\ub7ec\ub97c \uc0ac\ub294 \uac70\ub798\uac00 \ub298\uc5b4\ub098\ub294 \uad6c\uc870\uc785\ub2c8\ub2e4.\n\n\uc774\ub7f0 \ud658\uacbd\uc740 \ud30c\uc0dd\uc0c1\ud488(derivatives, \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \uc6c0\uc9c1\uc774\ub294 \uc0c1\ud488) \ud22c\uc790\uc790\uc5d0\uac8c USD\/JPY \ucf5c\uc635\uc158(call option, \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub97c \uace0\ub824\ud558\uac8c \ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 4\uc6d4 \ub9cc\uae30, \ud589\uc0ac\uac00 162.00 \ucf5c\uc744 \ub9e4\uc218\ud558\uba74 \uc0c1\ubc29 \ub3cc\ud30c \uac00\ub2a5\uc131\uc5d0 \ub178\ucd9c\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uc804\ub7b5\uc740 \uc190\uc2e4 \ubc94\uc704\ub97c \ubbf8\ub9ac \uc815\ud560 \uc218 \uc788\ub2e4\ub294 \uc810\uc5d0\uc11c \uc704\ud5d8\uc744 \uc81c\ud55c\ud558\uba74\uc11c \uc0c1\uc2b9 \ud750\ub984\uc744 \ud65c\uc6a9\ud569\ub2c8\ub2e4.\n\n\ub2e4\ub9cc \uc77c\ubcf8 \ub2f9\uad6d\uc758 \uc2dc\uc7a5 \uac1c\uc785(intervention, \ud658\uc728\uc744 \uc6c0\uc9c1\uc774\uae30 \uc704\ud574 \uc815\ubd80\u00b7\uc911\uc559\uc740\ud589\uc774 \uc9c1\uc811 \ub9e4\ub9e4\ud558\ub294 \uac83) \uc704\ud5d8\uc740 155.00\uc77c \ub54c\ubcf4\ub2e4 \ud6e8\uc52c \ucee4\uc84c\uc2b5\ub2c8\ub2e4. \uadf8\ub798\uc11c \ubcc0\ub3d9\uc131(volatility, \uac00\uaca9\uc774 \ud06c\uac8c \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4) \ub9e4\uc218\uac00 \ud5e4\uc9c0(hedge, \uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4) \ub610\ub294 \ub2e8\ub3c5 \uc804\ub7b5\uc73c\ub85c \ub9e4\ub825\uc801\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub871 \uc2a4\ud2b8\ub798\ub4e4(long straddle, \uac19\uc740 \ud589\uc0ac\uac00\u00b7\uac19\uc740 \ub9cc\uae30\uc758 \ucf5c\uacfc \ud48b\uc744 \ub3d9\uc2dc\uc5d0 \uc0ac\ub294 \uc804\ub7b5)\uc740 \uc5b4\ub290 \ucabd\uc774\ub4e0 \ud070 \uae09\ub4f1\ub77d\uc774 \ub098\uc624\uba74 \uc774\uc775\uc744 \ub178\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\nVT Markets \uc2e4\uacc4\uc88c \ub9cc\ub4e4\uae30<\/a>\u00a0\ubc0f\u00a0\uc9c0\uae08 \uac70\ub798 \uc2dc\uc791\ud558\uae30<\/a>\u00a0<\/b>\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

USD\/JPY\ub294 155\uc5d4 \ubd80\uadfc\uc5d0\uc11c \ub4f1\ub77d, \uc77c\ubcf8 CPI\ub97c \uc55e\ub450\uace0 \uad00\ub9dd\uc138. \uac15\ud55c \ubbf8\uad6d \uc9c0\ud45c\uc640 \ub9e4\ud30c\uc801 \uc5f0\uc900\uc774 \ub2ec\ub7ec\ub97c \uc9c0\uc9c0. BoJ \uae08\ub9ac \uc778\uc0c1 \uc9c0\uc5f0\uc73c\ub85c \uc5d4 \uc57d\uc138 \uc9c0\uc18d, 160\uc5d4 \uc0c1\ud5a5 \uac00\ub2a5. \uc635\uc158\u00b7\ubcc0\ub3d9\uc131 \ub9e4\uc218\ub85c \ub300\uc751. – vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-38710","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=38710"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38710\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}