{"id":38825,"date":"2026-02-21T03:33:40","date_gmt":"2026-02-21T03:33:40","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9d%bc%eb%b3%b8%ec%9d%98-cftc-%eb%b9%84%ec%83%81%ec%97%85%ec%9a%a9-%ec%97%94%ed%99%94-%ec%88%9c%ed%8f%ac%ec%a7%80%ec%85%98%ec%9d%b4-%ec%9d%b4%ec%a0%84-1%eb%a7%8c-9100%ec%97%90%ec%84%9c-1%eb%a7%8c\/"},"modified":"2026-02-21T03:33:40","modified_gmt":"2026-02-21T03:33:40","slug":"%ec%9d%bc%eb%b3%b8%ec%9d%98-cftc-%eb%b9%84%ec%83%81%ec%97%85%ec%9a%a9-%ec%97%94%ed%99%94-%ec%88%9c%ed%8f%ac%ec%a7%80%ec%85%98%ec%9d%b4-%ec%9d%b4%ec%a0%84-1%eb%a7%8c-9100%ec%97%90%ec%84%9c-1%eb%a7%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9d%bc%eb%b3%b8%ec%9d%98-cftc-%eb%b9%84%ec%83%81%ec%97%85%ec%9a%a9-%ec%97%94%ed%99%94-%ec%88%9c%ed%8f%ac%ec%a7%80%ec%85%98%ec%9d%b4-%ec%9d%b4%ec%a0%84-1%eb%a7%8c-9100%ec%97%90%ec%84%9c-1%eb%a7%8c\/","title":{"rendered":"\uc77c\ubcf8\uc758 CFTC \ube44\uc0c1\uc5c5\uc6a9 \uc5d4\ud654 \uc21c\ud3ec\uc9c0\uc158\uc774 \uc774\uc804 -1\ub9cc 9,100\uc5d0\uc11c 1\ub9cc 3,000\uc73c\ub85c \uc0c1\uc2b9\ud558\uba70 \ubc18\ub4f1\ud588\ub2e4."},"content":{"rendered":"\uc77c\ubcf8 CFTC(\ubbf8\uad6d \uc0c1\ud488\uc120\ubb3c\uac70\ub798\uc704\uc6d0\ud68c) \uc790\ub8cc \uae30\uc900 JPY(\uc77c\ubcf8 \uc5d4) \ube44\uc0c1\uc5c5(\ud22c\uae30) \uc21c\ud3ec\uc9c0\uc158(net positions, **\ub9e4\uc218 \ud3ec\uc9c0\uc158\uc5d0\uc11c \ub9e4\ub3c4 \ud3ec\uc9c0\uc158\uc744 \ube80 \uac12**)\uc774 \u00a5-19.1K\uc5d0\uc11c \u00a513K\ub85c \uc774\ub3d9\ud588\ub2e4.\n\n\uc774\ub294 \uc77c\ubcf8 \uc5d4 \uc120\ubb3c\uc5d0\uc11c **\uc21c\ub9e4\ub3c4(\ub9e4\ub3c4 \uc6b0\uc704)** \ud3ec\uc9c0\uc158\uc5d0\uc11c **\uc21c\ub9e4\uc218(\ub9e4\uc218 \uc6b0\uc704)** \ud3ec\uc9c0\uc158\uc73c\ub85c \uc804\ud658\ub410\ub2e4\ub294 \ub73b\uc774\ub2e4.\n\n<h3>\uc5d4\ud654\uc5d0\uc11c \ub098\ud0c0\ub09c \ub300\uaddc\ubaa8 \uc2ec\ub9ac \ubc18\uc804<\/h3>\n\uc77c\ubcf8 \uc5d4\uc5d0\uc11c \uc2dc\uc7a5 \uc2ec\ub9ac\uac00 \ud06c\uac8c \ub4a4\uc9d1\ud788\uace0 \uc788\ub2e4. \ud22c\uae30 \uc138\ub825\uc758 \uc21c\ud3ec\uc9c0\uc158\uc774 \u00a519.1\uc870 \uaddc\ubaa8\uc758 \uc21c\ub9e4\ub3c4\uc5d0\uc11c \u00a513\uc870 \uaddc\ubaa8\uc758 \uc21c\ub9e4\uc218\ub85c \uc804\ud658\ub410\ub2e4. \uc774\ub294 \ub9e4\uc6b0 \ud070 \ubcc0\ud654\ub85c, \ud2b8\ub808\uc774\ub354\ub4e4\uc774 \uc5d4\ud654 \uc57d\uc138(\uc5d4\ud654\uc5d0 \ub300\ud55c \ud558\ub77d \ubca0\ud305)\ub97c \ube60\ub974\uac8c \uac70\ub450\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\ub7f0 \ubcc0\ud654\ub294 \ub2e8\ub3c5\uc73c\ub85c \ubc1c\uc0dd\ud55c \uac83\uc774 \uc544\ub2c8\ub77c \ucd5c\uadfc\uc758 \uae30\ucd08 \uc5ec\uac74 \ubcc0\ud654(**\ud380\ub354\uba58\ud138: \uae08\ub9ac\u00b7\ubb3c\uac00\u00b7\uc815\ucc45 \ub4f1 \uacbd\uc81c\uc758 \uae30\ubcf8 \uc870\uac74**)\uc640 \uc9c1\uc811 \uc5f0\uacb0\ub3fc \ubcf4\uc778\ub2e4.\n\n\uc774 \uac15\uc138 \uc804\ud658\uc740 \uc9c0\ub09c\uc8fc \uc77c\ubcf8\uc740\ud589(BOJ)\uc758 \ubc1c\uc5b8 \uc774\ud6c4 \ub098\ud0c0\ub0ac\ub2e4. \uc77c\ubcf8\uc740\ud589\uc774 \uc608\uc0c1\ubcf4\ub2e4 \uc774\ub978 \uc2dc\uc810\uc758 \uc815\ucc45 \uc815\uc0c1\ud654(**\uc815\ucc45 \uc815\uc0c1\ud654: \ucd08\uc800\uae08\ub9ac\u00b7\ub300\uaddc\ubaa8 \uc644\ud654 \uac19\uc740 \u2018\uc644\ud654 \uc815\ucc45\u2019\uc744 \uc904\uc774\uace0 \uc77c\ubc18\uc801\uc778 \uc218\uc900\uc73c\ub85c \ub418\ub3cc\ub9ac\ub294 \uac83**) \uac00\ub2a5\uc131\uc744 \ub0b4\ube44\ucce4\uae30 \ub54c\ubb38\uc774\ub2e4. \uc2dc\uc7a5\uc740 \uc5ec\uae30\uc5d0 \ubc18\uc751\ud558\uace0 \uc788\ub2e4. \ud2b9\ud788 1\uc6d4 \uc77c\ubcf8 \uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158(core inflation, **\ubcc0\ub3d9\uc774 \ud070 \uc2dd\ub8cc\ud488\u00b7\uc5d0\ub108\uc9c0 \ub4f1\uc744 \uc81c\uc678\ud574 \ubb3c\uac00 \ud750\ub984\uc744 \ub354 \uc798 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c**)\uc774 2.5%\ub85c \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub97c \uc6c3\ub3cc\uba74\uc11c, \ubb3c\uac00 \uc555\ub825\uc774 \uc27d\uac8c \uaebe\uc774\uc9c0 \uc54a\uc744 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\uac00 \ub098\uc654\ub2e4. \uc774\ub7f0 \uc0c1\ud669\uc5d0\uc11c\ub294 \uc5d4\ud654 \uc21c\ub9e4\ub3c4 \ud3ec\uc9c0\uc158\uc744 \uc720\uc9c0\ud558\ub294 \uc704\ud5d8\uc774 \ucee4\uc838, \ud22c\uae30 \uc138\ub825\uc740 \uae09\ud788 \ud3ec\uc9c0\uc158\uc744 \uc815\ub9ac(\uc20f \ucee4\ubc84, **\ub9e4\ub3c4 \ud3ec\uc9c0\uc158\uc744 \ub418\uc0ac\uc11c \uccad\uc0b0\ud558\ub294 \uac83**)\ud55c \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.\n\n\uac70\ub798 \uad00\uc810\uc5d0\uc11c USD\/JPY(\ub2ec\ub7ec\/\uc5d4)\uc758 \ud5a5\ud6c4 \ubc29\ud5a5\uc740 \uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548 \ud558\ub77d \ucabd\uc774 \ub354 \uc218\uc6d4\ud574 \ubcf4\uc778\ub2e4(\uc989, \uc5d4\ud654 \uac15\uc138\u00b7\ub2ec\ub7ec \uc57d\uc138). 2\uc6d4\uc5d0 \uc774\ubbf8 152 \ubd80\uadfc\uc5d0\uc11c 147 \uadfc\ucc98\uae4c\uc9c0 \ub0b4\ub824\uc628 \ud750\ub984\uc774 \uc788\uc5c8\uace0, \uc774\ubc88 \ud3ec\uc9c0\uc158 \ub370\uc774\ud130\ub294 \uadf8 \uc6c0\uc9c1\uc784\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. \ud30c\uc0dd\uc0c1\ud488(derivatives, **\uac00\uce58\uac00 \ud658\uc728\u00b7\uae08\ub9ac \uac19\uc740 \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uc6c0\uc9c1\uc774\ub294 \uc0c1\ud488**) \ud2b8\ub808\uc774\ub354\ub294 \uc77c\ubcf8\uc740\ud589\uc774 \ub9e4\ud30c\uc801(hawkish, **\ubb3c\uac00 \uc5b5\uc81c\ub97c \uc704\ud574 \uae08\ub9ac \uc778\uc0c1 \ub4f1 \u2018\uae34\ucd95\u2019\uc5d0 \ub354 \uc801\uadf9\uc801\uc778 \uc131\ud5a5**) \ud1a4\uc744 \uc720\uc9c0\ud558\ub294 \ud55c, \uc774 \ucd94\uc138\uac00 \ub354 \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4\uace0 \ubcfc \ud544\uc694\uac00 \uc788\ub2e4.\n\n\uc774\ucc98\ub7fc \ubcc0\ud654\uac00 \ube60\ub974\ub2e4 \ubcf4\ub2c8 \uc5d4\ud654 \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility, **\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c\uc758 \ubcc0\ub3d9\uc131 \uc608\uc0c1\uce58\u2019**)\uc774 \uae09\ub4f1\ud588\uace0, \uadf8 \uacb0\uacfc \uc635\uc158 \uac00\uaca9\uc774 \ube44\uc2f8\uc84c\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 JPY \ucf5c\uc635\uc158(call option, **\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \u2018\uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac\u2019**)\uc774\ub098 USD\/JPY \ud48b\uc635\uc158(put option, **\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \u2018\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\u2019**)\uc744 \uace0\ub824\ud574 \ucd94\uc138\ub97c \ub530\ub77c\uac00\ub418, \ucd5c\ub300 \uc190\uc2e4\uc744 \ubbf8\ub9ac \uc815\ud558\ub294 \ubc29\uc2dd\uc73c\ub85c \uc811\uadfc\ud560 \uc218 \uc788\ub2e4. \uc120\ubb3c \uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub294 \uc774 \uac70\ub798\uac00 \uacfc\ubc00(crowded trade, **\ub108\ubb34 \ub9ce\uc740 \ucc38\uc5ec\uc790\uac00 \uac19\uc740 \ubc29\ud5a5\uc5d0 \ubab0\ub9b0 \uc0c1\ud0dc**)\ud574\uc9c8\uc218\ub85d, \uc608\uc0c1\uce58 \ubabb\ud55c \ub274\uc2a4\uc5d0 \uae09\uaca9\ud55c \ub418\ub3cc\ub9bc(\uae09\ubc18\ub4f1\u00b7\uae09\ub77d)\uc774 \ub098\uc62c \uc218 \uc788\ub2e4\ub294 \uc810\uc744 \uacbd\uacc4\ud574\uc57c \ud55c\ub2e4.\n\n2025\ub144\uc744 \ub3cc\uc544\ubcf4\uba74, \ubbf8\uad6d\uacfc\uc758 \uae08\ub9ac \uaca9\ucc28(interest rate differentials, **\ub450 \ub098\ub77c \uae08\ub9ac \ucc28\uc774**)\uac00 \ud06c\uac8c \ubc8c\uc5b4\uc9c0\uba74\uc11c \uc5d4\ud654 \uc57d\uc138\uac00 \uc624\ub798 \uc774\uc5b4\uc84c\uc5c8\ub2e4. \ud558\uc9c0\ub9cc \uadf8 \ud750\ub984\uc774 \uc774\uc81c \ub05d\ub098\uac00\ub294 \ub4ef\ud558\uba70, \uc2dc\uc7a5 \ud658\uacbd\uc774 \ud06c\uac8c \ubc14\ub00c\ub294 \uad6d\uba74(\ub808\uc9d0 \uccb4\uc778\uc9c0, **\uc2dc\uc7a5 \uad6c\uc870\u00b7\uc8fc\ub3c4 \uc694\uc778\uc774 \ubc14\ub00c\ub294 \uc804\ud658**)\uc77c \uc218 \uc788\ub2e4. \uc5d4\ud654 \uac15\uc138 \ud658\uacbd\uc5d0 \ub300\ube44\ud574\uc57c \ud558\uc9c0\ub9cc, \ud3ec\uc9c0\uc158\uc774 \uc774\ub807\uac8c \uae09\uaca9\ud788 \ub4a4\uc9d1\ud788\uba74 \ub2e8\uae30 \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \ud06c\uac8c \ud754\ub4e4\ub9bc)\ub3c4 \ucee4\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc810\uc744 \ud568\uaed8 \uc5fc\ub450\uc5d0 \ub46c\uc57c \ud55c\ub2e4.\n\n<h3>Usd Jpy \ubc0f \uc635\uc158\uc744 \uc704\ud55c \ud575\uc2ec \uc694\uc57d<\/h3>\n\n<!-- wp:paragraph-->\n<p><b>VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\uc5d4\ud654 \ud310\uc774 \ub4a4\uc9d1\ud614\ub2e4: CFTC \ube44\uc0c1\uc5c5 JPY \ud3ec\uc9c0\uc158\uc774 -19.1K\uc5d0\uc11c +13K\ub85c \uae09\ubc18\uc804. BOJ \uc815\uc0c1\ud654 \uc2e0\ud638\uc640 2.5% \ucf54\uc5b4\ubb3c\uac00\uac00 \uc1fc\ud2b8 \uccad\uc0b0 \ucd09\ubc1c, USD\/JPY \ud558\ub77d\u00b7\ubcc0\ub3d9\uc131 \ud655\ub300. &#8211; 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-38825","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\/38825","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=38825"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38825\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}