{"id":40918,"date":"2026-03-13T09:45:21","date_gmt":"2026-03-13T09:45:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%af%b8%ea%b5%ad-%eb%8b%ac%eb%9f%ac%ea%b0%80-pce-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%a7%80%ed%91%9c-%eb%b0%9c%ed%91%9c%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ea%b0%95%ec%84%b8%eb%a5%bc\/"},"modified":"2026-03-13T09:45:21","modified_gmt":"2026-03-13T09:45:21","slug":"%eb%af%b8%ea%b5%ad-%eb%8b%ac%eb%9f%ac%ea%b0%80-pce-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%a7%80%ed%91%9c-%eb%b0%9c%ed%91%9c%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ea%b0%95%ec%84%b8%eb%a5%bc","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%af%b8%ea%b5%ad-%eb%8b%ac%eb%9f%ac%ea%b0%80-pce-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%a7%80%ed%91%9c-%eb%b0%9c%ed%91%9c%eb%a5%bc-%ec%95%9e%eb%91%90%ea%b3%a0-%ea%b0%95%ec%84%b8%eb%a5%bc\/","title":{"rendered":"\ubbf8\uad6d \ub2ec\ub7ec\uac00 PCE \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c \ubc1c\ud45c\ub97c \uc55e\ub450\uace0 \uac15\uc138\ub97c \ubcf4\uc774\ub294 \uac00\uc6b4\ub370 USD\/JPY\uac00 \uc0c1\uc2b9\ud558\uba70 \uc77c\ubcf8 \uc5d4\ud654\ub294 \uc57d\uc138\ub97c \ub098\ud0c0\ub0c8\ub2e4."},"content":{"rendered":"USD\/JPY\ub294 4\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\ud574 \uae08\uc694\uc77c \uc720\ub7fd \uc774\ub978 \uc2dc\uac04\ub300\uc5d0 159.40 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub410\ub2e4. \uc2dc\uc7a5\uacfc \uacbd\uc81c\ud559\uc790\ub4e4\uc740 \uc5f0\uc900(Federal Reserve, \ubbf8\uad6d \uc911\uc559\uc740\ud589)\uc774 \ub2e4\uc74c \uc8fc \uae08\ub9ac\ub97c \ub3d9\uacb0\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud558\uba74\uc11c \ub2ec\ub7ec\uac00 \uacac\uc870\ud588\ub2e4. \uc5f0\ubc29\uae30\uae08\uae08\ub9ac(federal funds rate, \ubbf8\uad6d \uc740\ud589\ub07c\ub9ac \ucd08\ub2e8\uae30 \uc790\uae08\uc744 \ube4c\ub9b4 \ub54c \uc801\uc6a9\ub418\ub294 \uae30\uc900\uae08\ub9ac)\ub294 3.50%\u20133.75%\uc5d0 \uc788\ub2e4.\n\n\ud2b8\ub808\uc774\ub354\ub4e4\uc740 \uae08\uc694\uc77c \ubc1c\ud45c\ub418\ub294 1\uc6d4 PCE \ubb3c\uac00(PCE inflation, \uac1c\uc778\uc18c\ube44\uc9c0\ucd9c \ubb3c\uac00: \ubbf8\uad6d\uc5d0\uc11c \uc18c\ube44\uc790 \ubb3c\uac00 \ud750\ub984\uc744 \ubcf4\uc5ec\uc8fc\ub294 \ud575\uc2ec \uc9c0\ud45c)\ub97c \uae30\ub2e4\ub9ac\uace0 \uc788\ub2e4. \uc774 \uc218\uce58\uc5d0\ub294 \uc774\ub780 \uc804\uc7c1\uc758 \uc601\ud5a5\uc774 \ubc18\uc601\ub418\uc9c0 \uc54a\ub294\ub2e4. \ub610\ud55c 4\ubd84\uae30 \ubbf8\uad6d GDP \uc131\uc7a5\ub960(GDP, \uad6d\ub0b4\ucd1d\uc0dd\uc0b0: \ud55c \ub098\ub77c\uac00 \uc77c\uc815 \uae30\uac04\uc5d0 \uc0dd\uc0b0\ud55c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\ud569)\uacfc 3\uc6d4 \uc18c\ube44\uc790\uc2e0\ub8b0\uc9c0\uc218(consumer confidence, \uc18c\ube44\uc790\ub4e4\uc758 \uacbd\uae30 \uccb4\uac10)\ub3c4 \uc8fc\uc2dc\ud558\uace0 \uc788\ub2e4.\n\n<h3>\uc77c\ubcf8, \ud658\uc728 \uc2dc\uc7a5 \uac1c\uc785 \uc900\ube44 \uc2e0\ud638<\/h3>\n\uc77c\ubcf8 \uc7ac\ubb34\uc0c1\uc740 \uc720\uac00\uac00 \uc624\ub974\ub294 \uac00\uc6b4\ub370 \ub2f9\uad6d\uc774 \uc678\ud658(FX, \uad6d\uac00 \uac04 \ud1b5\ud654\uac00 \uac70\ub798\ub418\ub294 \uc2dc\uc7a5) \uc2dc\uc7a5\uc5d0\uc11c \uc870\uce58\ub97c \ucde8\ud560 \uc900\ube44\uac00 \ub3fc \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4. \uc77c\ubcf8\uc740\ud589(BoJ, Bank of Japan: \uc77c\ubcf8 \uc911\uc559\uc740\ud589) \ucd1d\uc7ac\ub294 \uc5d4\ud654 \uc57d\uc138\uac00 \uc218\uc785 \ubb3c\uac00(imported inflation, \ud574\uc678\uc5d0\uc11c \ub4e4\uc5ec\uc624\ub294 \ubb3c\uac74 \uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uad6d\ub0b4 \ubb3c\uac00\uac00 \uc624\ub974\ub294 \ud604\uc0c1)\ub97c \ub192\uc77c \uc218 \uc788\uace0 \uc815\ucc45 \uc815\uc0c1\ud654(policy normalisation, \ub9e4\uc6b0 \ub0ae\uc740 \uae08\ub9ac\u00b7\ub300\uaddc\ubaa8 \uc644\ud654 \uac19\uc740 \ube44\uc815\uc0c1\uc801 \uc815\ucc45\uc744 \uc815\uc0c1 \uc218\uc900\uc73c\ub85c \ub3cc\ub9ac\ub294 \uac83)\ub97c \uc55e\ub2f9\uae38 \uc218 \uc788\ub2e4\uace0 \ud588\ub2e4. \ub610\ud55c \ud658\uc728\uc774 \uacfc\uac70\ubcf4\ub2e4 \ubb3c\uac00\uc5d0 \ub354 \ud070 \uc601\ud5a5\uc744 \uc900\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.\n\nUSD\/JPY\ub294 160\uc5d0 \uac00\uae4c\uc6cc\uc9c0\uace0 \uc788\ub2e4. 160\uc740 \uacfc\uac70 \ub2f9\uad6d \uac1c\uc785(intervention, \uc815\ubd80\u00b7\uc911\uc559\uc740\ud589\uc774 \ud658\uc728\uc744 \uc6c0\uc9c1\uc774\ub824\uace0 \uc2dc\uc7a5\uc5d0\uc11c \ud1b5\ud654\ub97c \uc0ac\uace0\ud30c\ub294 \ud589\ub3d9)\uacfc \uc5f0\uacb0\ub41c \uc218\uc900\uc774\uc9c0\ub9cc, \ub2f9\uad6d\uc758 \ubc1c\uc5b8\uc740 \ub9ce\uc9c0 \uc54a\uc558\ub2e4. \uc77c\ubcf8\uc740 \uc911\ub3d9\uc0b0 \uc6d0\uc720 \uc758\uc874\ub3c4\uac00 \ub192\uace0 \ube44\ucd95\uc720(reserves, \ube44\uc0c1\uc2dc\uc5d0 \uc4f0\ub824\uace0 \uc313\uc544\ub454 \uc6d0\uc720)\ub3c4 \ud06c\ub2e4. \uc774\ub7f0 \uc810\uc740 \ucd94\uac00\uc801\uc778 \uc5d4\ud654 \uc57d\uc138\uac00 \uc81c\ud55c\ub41c \uc0c1\ud0dc\uc5d0\uc11c \ud658\uc728\uc774 160 \uadfc\ucc98\uc5d0 \uba38\ubb3c \uc218 \uc788\uc74c\uc744 \ub73b\ud55c\ub2e4.\n\n\uc77c\ubcf8\uc740 \ube44\ucd95\uc720\uc5d0\uc11c \uc57d 8,000\ub9cc \ubc30\ub7f4\uc744 \ubc29\ucd9c\ud560 \uacc4\ud68d\uc774\uba70, \uc774\ub294 \uc57d 45\uc77c\uce58 \uacf5\uae09\ub7c9\uc5d0 \ud574\ub2f9\ud55c\ub2e4. \uc77c\ubcf8 \uc6d0\uc720 \uc218\uc785\uc758 \uc57d 95%\ub294 \uc911\ub3d9\uc5d0\uc11c \uc624\uace0, \uadf8\uc911 \uac70\uc758 90%\uac00 \ud638\ub974\ubb34\uc988 \ud574\ud611(Strait of Hormuz, \uc911\ub3d9 \uc6d0\uc720 \uc218\uc1a1\uc758 \ud575\uc2ec \ud574\uc0c1 \ud1b5\ub85c)\uc744 \ud1b5\uacfc\ud55c\ub2e4. \uc774 \ud574\ud611\uc758 \ud1b5\ud589\uc740 \ubbf8\uad6d-\uc774\uc2a4\ub77c\uc5d8\uacfc \uc774\ub780\uc758 \uc804\uc7c1 \ub3d9\uc548 \ub300\ubd80\ubd84 \ub9c9\ud600 \uc788\uc5c8\ub2e4.\n\n\uc77c\ubcf8\uc740 G7(\uc8fc\uc694 7\uac1c\uad6d)\uacfc IEA(\uad6d\uc81c\uc5d0\ub108\uc9c0\uae30\uad6c)\uc640 \ud568\uaed8 3\uc6d4 16\uc77c\ubd80\ud130 \uc790\uad6d \ubaab\uc744 \ubc29\ucd9c\ud558\uae30 \uc2dc\uc791\ud55c\ub2e4. \ub2f9\uad6d\uc740 \uc2dc\uae30\uc640 \ubc30\ubd84(allocation, \ubb3c\ub7c9\uc744 \ub204\uad6c\uc5d0\uac8c \uc5bc\ub9c8\ub098 \ub098\ub20c\uc9c0) \ub17c\uc758\uac00 \uacc4\uc18d\ub418\uace0 \uc788\ub2e4\uace0 \ud588\uace0, \uae30\uc5c5\ub4e4\uc740 \ubbf8\uad6d\u00b7\uc911\uc559\uc544\uc2dc\uc544\u00b7\ub0a8\ubbf8\uc5d0\uc11c \uacf5\uae09 \ud655\ubcf4\ub97c \ucc3e\uace0 \uc788\ub2e4.\n\n<h3>\uc5d4\ud654\uc640 \ubcc0\ub3d9\uc131\uc744 \uc88c\uc6b0\ud558\ub294 \ud575\uc2ec \uc694\uc778<\/h3>\n\uc5d4\ud654\ub294 \uc77c\ubcf8 \uacbd\uc81c, BoJ \uc815\ucc45, \ubbf8\u00b7\uc77c \uad6d\ucc44 \uc218\uc775\ub960 \uaca9\ucc28(US\u2013Japan bond yield gap, \ubbf8\uad6d\uacfc \uc77c\ubcf8 \ucc44\uad8c \uae08\ub9ac \ucc28\uc774), \uc704\ud5d8 \uc2ec\ub9ac(risk sentiment, \ud22c\uc790\uc790\ub4e4\uc774 \uc704\ud5d8\uc744 \uac10\uc218\ud558\ub824\ub294 \ubd84\uc704\uae30)\uc5d0 \uc88c\uc6b0\ub41c\ub2e4. BoJ\ub294 \ub54c\ub54c\ub85c \uac1c\uc785\ud574 \uc654\uace0, 2013\u20132024\ub144\uc758 \ucd08\uc644\ud654 \uc815\ucc45(ultra-loose policy, \ub9e4\uc6b0 \ub0ae\uc740 \uae08\ub9ac\uc640 \uc790\uae08 \uacf5\uae09 \ud655\ub300)\uc740 \uc774\ud6c4 \ub418\ub3cc\ub9bc(unwind, \uc644\ud654 \uc815\ucc45\uc744 \uc904\uc774\uac70\ub098 \ub418\ub3cc\ub9ac\ub294 \uacfc\uc815)\uc774 \uc9c4\ud589\ub418\uae30 \uc804\uae4c\uc9c0 \uc5d4\ud654\ub97c \uc57d\ud558\uac8c \ub9cc\ub4e4\uc5c8\uc73c\uba70, \uadf8 \ub4a4 \uc218\uc775\ub960 \uaca9\ucc28\uac00 \uc904\uc5c8\ub2e4.\n\nUSD\/JPY\ub294 \ud604\uc7ac 158.50 \ucabd\uc73c\ub85c \uc62c\ub77c\uac00\uace0 \uc788\uc5b4, 2025\ub144 \ucd08\uc5d0 160\uc744 \uc2dc\ud5d8\ud558\ub358 \uae34\uc7a5 \uad6d\uba74\uc774 \ub2e4\uc2dc \ub5a0\uc624\ub978\ub2e4. \uc62c\ud574\ub294 \uacf5\uc2dd \uac1c\uc785\uc774 \ud655\uc778\ub418\uc9c0 \uc54a\uc558\uc9c0\ub9cc, 2025\ub144 2\ubd84\uae30\uc5d0 160.15 \ubd80\uadfc\uc5d0\uc11c \ub2f9\uad6d\uc774 \uac1c\uc785\ud588\uc5c8\ub2e4\ub294 \uc810\uc744 \uae30\uc5b5\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uadf8\ub798\uc11c 159 \uc704\uc5d0\uc11c \uc5d4\ud654 \ucf5c\uc635\uc158(yen calls, \uc5d4\ud654 \uac15\uc138\uc5d0 \ubca0\ud305\ud558\ub294 \uc120\ud0dd\uad8c)\uc744 \ud30c\ub294 \uac83\uc740 \uc704\ud5d8\ud560 \uc218 \uc788\ub2e4. \uc774\ub7f0 \uacfc\uac70 \ud750\ub984\uc740 \ud658\uc728\uc774 \uadf8 \uad6c\uac04\uc5d0 \uac00\uae4c\uc6cc\uc9c8\uc218\ub85d 1\uac1c\uc6d4 \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility, \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc2dc\uc7a5 \uc608\uc0c1 \ubcc0\ub3d9\uc131\u2019)\uc774 \uc62c\ub77c\uac08 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">VT Markets \uc2e4\uacc4\uc88c \ub9cc\ub4e4\uae30<\/a>\u00a0\ubc0f\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">\uc9c0\uae08 \uac70\ub798 \uc2dc\uc791\ud558\uae30<\/a>. <\/b>\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>USD\/JPY 159.40\ub300, Fed \ub3d9\uacb0 \uae30\ub300 \uc18d \ub2ec\ub7ec \uac15\uc138. \uc77c\ubcf8\uc740 160 \uadfc\ucc98 \uac1c\uc785 \uac00\ub2a5 \uc2dc\uc0ac, \uc720\uac00\u00b7\ud638\ub974\ubb34\uc988 \ub9ac\uc2a4\ud06c\ub85c \ubcc0\ub3d9\uc131 \ud655\ub300. PCE\u00b7GDP\u00b7\uc2ec\ub9ac \uc9c0\ud45c\uac00 \ub2e8\uae30 \ubc29\ud5a5\uacfc \uc635\uc158 \uc804\ub7b5\uc744 \uc88c\uc6b0. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":103,"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-40918","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\/40918","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\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=40918"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40918\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=40918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=40918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=40918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}