{"id":45613,"date":"2026-04-27T21:54:32","date_gmt":"2026-04-27T21:54:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/mufg-boj-4%ec%9b%94-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%ea%b8%b0%eb%8c%80-%ec%95%bd%ed%99%94-%ec%9d%b8%ed%94%8c%eb%a0%88-%ec%83%81%ec%8a%b9%ec%97%90-usd-jpy-%ea%b0%9c\/"},"modified":"2026-04-27T21:54:32","modified_gmt":"2026-04-27T21:54:32","slug":"mufg-boj-4%ec%9b%94-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%ea%b8%b0%eb%8c%80-%ec%95%bd%ed%99%94-%ec%9d%b8%ed%94%8c%eb%a0%88-%ec%83%81%ec%8a%b9%ec%97%90-usd-jpy-%ea%b0%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/mufg-boj-4%ec%9b%94-%ea%b8%88%eb%a6%ac%ec%9d%b8%ec%83%81-%ea%b8%b0%eb%8c%80-%ec%95%bd%ed%99%94-%ec%9d%b8%ed%94%8c%eb%a0%88-%ec%83%81%ec%8a%b9%ec%97%90-usd-jpy-%ea%b0%9c\/","title":{"rendered":"MUFG \u201cBOJ 4\uc6d4 \uae08\ub9ac\uc778\uc0c1 \uae30\ub300 \uc57d\ud654\u201d\u2026 \uc778\ud50c\ub808 \uc0c1\uc2b9\uc5d0 USD\/JPY, \uac1c\uc785 \ub9ac\uc2a4\ud06c \ub178\ucd9c"},"content":{"rendered":"

\uc77c\ubcf8\uc740\ud589(BoJ)\uc758 4\uc6d4 \ud68c\uc758\uc5d0\uc11c **\uae08\ub9ac \uc778\uc0c1**(\uc911\uc559\uc740\ud589\uc774 \uae30\uc900\uae08\ub9ac\ub97c \uc62c\ub9ac\ub294 \uc870\uce58) \uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \uae30\ub300\uac00 \uae09\uaca9\ud788 \ub0ae\uc544\uc84c\ub2e4. 4\uc6d4 \ucd08\ub9cc \ud574\ub3c4 \uc2dc\uc7a5\uc740 \uc57d **18bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b7\uae08\ub9ac 0.01%p)** \uc218\uc900\uc758 \uae34\ucd95\uc744 \ubc18\uc601\ud588\uc9c0\ub9cc, \ud604\uc7ac\ub294 **\uc0ac\uc2e4\uc0c1 0\uc5d0 \uac00\uae5d\ub2e4**.<\/p>\n

3\uc6d4 \uc77c\ubcf8 \ubb3c\uac00 \uc9c0\ud45c\ub294 **\uc804\uad6d \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\uac00\uacc4\uac00 \uc0ac\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ub3d9)**\uc5d0\uc11c **\ud5e4\ub4dc\ub77c\uc778(\uc804\uccb4 \ubb3c\uac00)**\uacfc **\uadfc\uc6d0(\ucf54\uc5b4) CPI(\uc77c\uc2dc\uc801 \uc694\uc778\uc774 \ud070 \ud56d\ubaa9\uc744 \ube80 \ubb3c\uac00)** \ubaa8\ub450 \uc2dc\uc7a5 \uc608\uc0c1\uc744 \uc6c3\ub3cc\uc558\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ud1b5\ud654\uc815\ucc45 \uae30\uc870\ub294 \uc5ec\uc804\ud788 \uc644\ud654\uc801\uc774\uba70, \uc815\ucc45\uae08\ub9ac\ub294 \ubb3c\uac00\ub97c \ubc18\uc601\ud55c **\uc2e4\uc9c8 \uae30\uc900(\uba85\ubaa9\uae08\ub9ac-\ubb3c\uac00\uc0c1\uc2b9\ub960)**\uc73c\ub85c\ub294 \uc5ec\uc804\ud788 \ud06c\uac8c \ub0ae\ub2e4.<\/p>\n

BoJ Forecasts And The April Decision<\/h3>\n

\uc77c\ubcf8\uc740\ud589\uc740 \uc815\ucc45 \uacb0\uc815\uc744 \ub0b4\ub9ac\uba74\uc11c **\uacbd\uc81c\u00b7\ubb3c\uac00 \uc804\ub9dd\uce58(\ud5a5\ud6c4 \uc131\uc7a5\ub960\u00b7\ubb3c\uac00 \uacbd\ub85c\uc5d0 \ub300\ud55c \uc911\uc559\uc740\ud589\uc758 \ucd94\uc815)**\ub3c4 \ud568\uaed8 \uc5c5\ub370\uc774\ud2b8\ud560 \uc608\uc815\uc774\ub2e4. \uae30\uc874 \uc804\ub9dd\uc740 **FY26(2026\ud68c\uacc4\uc5f0\ub3c4: \uc77c\ubcf8\uc740 \ud1b5\uc0c1 4\uc6d4~\ub2e4\uc74c \ud574 3\uc6d4)** \ucf54\uc5b4 \uc804\uad6d CPI 1.9%, FY27 2.0%\uc600\uc73c\uba70, \uc0c8 \uc804\ub9dd\uc740 **\ubb3c\uac00 \ubaa9\ud45c(2.0%)**\ub97c \uc6c3\ub3cc \uc218 \uc788\ub2e4.<\/p>\n

\uc2e0\uc911\ud55c \uc77c\ubcf8\uc740\ud589\uacfc \ub354 \ub9e4\ud30c\uc801\uc778(\ubb3c\uac00 \uc5b5\uc81c\ub97c \uc704\ud574 \uae08\ub9ac \uc778\uc0c1\uc5d0 \uc801\uadf9\uc801\uc778) \ubbf8 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed) \uc0ac\uc774\uc758 **\uc628\ub3c4 \ucc28**\uac00 \ucee4\uc9c0\uba74 **\ub2ec\ub7ec\/\uc5d4(USD\/JPY\u00b7\ub2ec\ub7ec 1\ub2ec\ub7ec\ub97c \uc0ac\uae30 \uc704\ud55c \uc5d4\ud654 \uac00\uaca9)**\uc774 160\uc744 \ub118\uc5b4\uc124 \uc218 \uc788\ub2e4. 160 \ub3cc\ud30c\ub294 **\ud658\uc2dc \uac1c\uc785 \uc704\ud5d8(\ub2f9\uad6d\uc774 \uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec\ub97c \ud314\uace0 \uc5d4\ud654\ub97c \uc0ac\ub294 \ub4f1\uc73c\ub85c \ud658\uc728\uc744 \uc9c1\uc811 \uc6c0\uc9c1\uc774\ub294 \uc870\uce58)**\uc744 \ub192\uc774\ub294 \uad6c\uac04\uc73c\ub85c \uc5ec\uaca8\uc9c4\ub2e4.<\/p>\n

\uc77c\ubcf8 \ub2f9\uad6d\uc790\ub4e4\uc740 \ucd5c\uadfc \uac1c\uc785 \uac00\ub2a5\uc131\uc744 \uac70\ub4ed \uacbd\uace0\ud588\ub2e4. \uacfc\uac70 1\uc6d4\uc5d0 USD\/JPY \uc218\uc900\uc744 \uc810\uac80\ud55c \uc0ac\ub840\ub3c4 160 \uc774\uc0c1\uc5d0\uc11c \ub2ec\ub7ec \ub9e4\ub3c4(\uc5d4 \ub9e4\uc218) \uc6c0\uc9c1\uc784\uc774 \uc904\uc5b4\ub4dc\ub294 \ud750\ub984\uacfc \ud568\uaed8 \uac70\ub860\ub3fc \uc654\ub2e4.<\/p>\n

\uc2dc\uc7a5 \uc18c\ud1b5\uc5d0\uc11c\ub294 6\uc6d4 \uae08\ub9ac \uc870\uc815 \uac00\ub2a5\uc131\uc774 \uc2dc\uc0ac\ub418\uace0 \uc788\ub2e4. \ud55c \uc2dc\ub098\ub9ac\uc624\ub294 6\uc6d4\uc5d0 **25bp(0.25%p)** \uc778\uc0c1\ud574 **1.00%**\ub85c \uc62c\ub9ac\ub294 \uc548\uc744 \uac00\uc815\ud55c\ub2e4.<\/p>\n

Yen Pressure And Intervention Risk<\/h3>\n

\ubbf8 \uc5f0\uc900\uc758 \uc815\ucc45\uae08\ub9ac\uac00 **4.75%** \uc218\uc900\uc5d0 \uba38\ubb34\ub294 \ubc18\uba74 \uc77c\ubcf8\uc740\ud589\uc740 **\uc81c\ub85c\uc5d0 \uac00\uae4c\uc6b4 \uc218\uc900**\uc744 \uc720\uc9c0\ud558\uba74\uc11c, \ud070 **\uae08\ub9ac \uaca9\ucc28(\ub450 \ub098\ub77c \uae08\ub9ac \ucc28\uc774)**\uac00 \uc5d4\ud654\uc5d0 \uacc4\uc18d \ubd80\ub2f4\uc744 \uc8fc\uace0 \uc788\ub2e4. USD\/JPY\ub294 **164.50** \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc2dc\uc7a5\uc774 \ub2f9\uad6d \ud589\ub3d9\uc5d0 \ub9e4\uc6b0 \ubbfc\uac10\ud574\uc9c0\ub294 \uc218\uc900\uc774\ub2e4. \uc774\ub7f0 \uc7a5\uae30\uc801\uc778 **\uc815\ucc45 \uad34\ub9ac(\ubbf8\uad6d\uc740 \uace0\uae08\ub9ac, \uc77c\ubcf8\uc740 \uc800\uae08\ub9ac)**\uac00 \uc5d4\ud654 \uc57d\uc138\uc758 \ud575\uc2ec \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud558\uace0 \uc788\ub2e4.<\/p>\n

\uc77c\ubcf8\uc740\ud589\uc740 \uc5b4\ub824\uc6b4 \ucc98\uc9c0\ub2e4. 2026\ub144 3\uc6d4 \uae30\uc900 \ucd5c\uc2e0 **\uc804\uad6d \uadfc\uc6d0 \ubb3c\uac00**\uac00 **2.9%**\ub85c \ubaa9\ud45c\ub97c \ud06c\uac8c \uc6c3\ub3cc\uc558\ub2e4. \uc6b0\uc5d0\ub2e4 \ucd1d\uc7ac\ub294 \ud5a5\ud6c4 \uae08\ub9ac \uc778\uc0c1 \uc2e0\ud638\ub97c \uc904 \ud544\uc694\uc131\uacfc \uc2dc\uc7a5 \ubd88\uc548\uc744 \ud0a4\uc6b8 \uc704\ud5d8 \uc0ac\uc774\uc5d0\uc11c \uade0\ud615\uc744 \uc7a1\uc544\uc57c \ud55c\ub2e4. \uc774\ub7f0 \ubd88\ud655\uc2e4\uc131\uc740 USD\/JPY\uc758 **\uc635\uc158 \ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c \uac00\uaca9\uc774 \ud06c\uac8c \uc6c0\uc9c1\uc77c \uac00\ub2a5\uc131\u2019)**\uc744 \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\uc2dc\ud0ac \uc218 \uc788\uc73c\uba70, \ubc29\ud5a5\uacfc \uad00\uacc4\uc5c6\uc774 \ud070 \ubcc0\ub3d9\uc5d0\uc11c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \ub9cc\ud558\ub2e4\ub294 \ud574\uc11d\uc774 \ub098\uc628\ub2e4.<\/p>\n

2024\ub144 \ub9d0\uacfc 2025\ub144 \uc911\ubc18, \ud658\uc728\uc774 158\uacfc 160\uc744 \ub118\uc5c8\uc744 \ub54c \uc5ec\ub7ec \ucc28\ub840 \uac1c\uc785\uc774 \uc788\uc5c8\ub358 \uc810\ub3c4 \uc0c1\uae30\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc7ac\ubb34\uc131\uc774 **\ud22c\uae30\uc801 \uc6c0\uc9c1\uc784(\ub2e8\uae30 \ucc28\uc775\uc744 \ub178\ub9b0 \uacfc\ub3c4\ud55c \ub9e4\ub9e4)**\uc744 \uc5b5\uc81c\ud558\uae30 \uc704\ud574 \ud589\ub3d9\uc5d0 \ub098\uc124 \uc218 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900 \ub9cc\ud07c, USD\/JPY \ub9e4\uc218 \ud3ec\uc9c0\uc158\uc740 \uc2e0\uc911\ud574\uc57c \ud55c\ub2e4. \uae09\ub77d\uc5d0 \ub300\ube44\ud574 **\uc678\uac00\uaca9(out-of-the-money\u00b7\ud604\uc7ac \ud658\uc728\ubcf4\ub2e4 \uad8c\ub9ac\ud589\uc0ac \uac00\uaca9\uc774 \ub354 \ubd88\ub9ac\ud558\uac8c \uc124\uc815\ub41c)** \uc5d4\ud654 \ucf5c\uc635\uc158(\uc5d4\ud654 \uac15\uc138\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158)\uc744 \ub9e4\uc218\ud574 **\ud5e4\uc9c0(\uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4 \uac70\ub798)**\ud558\ub294 \ubc29\uc548\uc774 \uac70\ub860\ub41c\ub2e4.<\/p>\n

VT Markets \uc2e4\uac70\ub798 \uacc4\uc815 \uac1c\uc124<\/a>\u00a0\ubc0f\u00a0\uac70\ub798 \uc2dc\uc791<\/a>\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cBoJ 4\uc6d4 \uae08\ub9ac\uc778\uc0c1 \uae30\ub300 \u20180\u2019\u2026\ubb3c\uac00\ub294 \uc0c1\ud68c\ud588\uc9c0\ub9cc \uc644\ud654 \uace0\uc218. Fed\uc640 \uaca9\ucc28\uc5d0 \ub2ec\ub7ec\/\uc5d4 160~164 \uc555\ubc15, \uac1c\uc785 \ub9ac\uc2a4\ud06c \ud655\ub300. 6\uc6d4 25bp \uc778\uc0c1 \uac00\ub2a5\uc131\ub3c4.\u201d<\/p>\n","protected":false},"author":87,"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-45613","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\/45613","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=45613"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45613\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}