{"id":29819,"date":"2026-03-07T03:57:05","date_gmt":"2026-03-07T03:57:05","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/japonyada-cftc-yen-icin-ticari-olmayan-net-pozisyonlar-115-bin-sozlesmeden-166-bin-sozlesmeye-gerileyerek-tersine-dondu\/"},"modified":"2026-03-07T03:57:05","modified_gmt":"2026-03-07T03:57:05","slug":"japonyada-cftc-yen-icin-ticari-olmayan-net-pozisyonlar-115-bin-sozlesmeden-166-bin-sozlesmeye-gerileyerek-tersine-dondu","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/japonyada-cftc-yen-icin-ticari-olmayan-net-pozisyonlar-115-bin-sozlesmeden-166-bin-sozlesmeye-gerileyerek-tersine-dondu\/","title":{"rendered":"Japonya\u2019da CFTC yen i\u00e7in ticari olmayan net pozisyonlar 11,5 bin s\u00f6zle\u015fmeden -16,6 bin s\u00f6zle\u015fmeye gerileyerek tersine d\u00f6nd\u00fc"},"content":{"rendered":"Japonya CFTC verilerine g\u00f6re JPY\u2019de ticari olmayan (spek\u00fclatif) net pozisyonlar 11,5 bin seviyesinden -16,6 bin seviyesine geriledi.\n\nBu, net uzun (al\u0131\u015f y\u00f6nl\u00fc) pozisyondan net k\u0131sa (sat\u0131\u015f y\u00f6nl\u00fc) pozisyona ge\u00e7i\u015f anlam\u0131na geliyor.\n\n

Yen Pozisyonlamas\u0131 Negatife D\u00f6nd\u00fc<\/h3>\n\nJapon Yeni\u2019ne kar\u015f\u0131 alg\u0131da belirgin bir de\u011fi\u015fim var. Spek\u00fclatif (k\u0131sa vadeli k\u00e2r hedefleyen b\u00fcy\u00fck yat\u0131r\u0131mc\u0131lar\u0131n) pozisyonlar\u0131 net al\u0131\u015ftan net sat\u0131\u015fa sert \u015fekilde d\u00f6nd\u00fc. Bu, hedge fonlar gibi b\u00fcy\u00fck oyuncular\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda yenin zay\u0131flayaca\u011f\u0131na oynad\u0131\u011f\u0131n\u0131 g\u00f6sterir. 11,5 binden -16,6 bine bu kadar h\u0131zl\u0131 kayma, yen i\u00e7in g\u00fc\u00e7l\u00fc bir d\u00fc\u015f\u00fc\u015f (ay\u0131) sinyali olarak izleniyor.\n\nBu de\u011fi\u015fimde, Japonya ile di\u011fer b\u00fcy\u00fck ekonomiler aras\u0131ndaki faiz fark\u0131n\u0131n a\u00e7\u0131lmas\u0131 etkili g\u00f6r\u00fcn\u00fcyor. Mart 2026 ba\u015f\u0131 itibar\u0131yla Japonya Merkez Bankas\u0131 (BOJ) \u00e7ok gev\u015fek para politikas\u0131n\u0131 (faizi d\u00fc\u015f\u00fck tutup piyasaya bol para sa\u011flayan yakla\u015f\u0131m) s\u00fcrd\u00fcrme mesaj\u0131 verirken, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) politika faizi %3,5 seviyesinde. Bu ayr\u0131\u015fma, yen ta\u015f\u0131may\u0131 cazip olmaktan \u00e7\u0131kar\u0131r; yat\u0131r\u0131mc\u0131lar daha y\u00fcksek faiz veren para birimlerine, \u00f6zellikle dolara y\u00f6nelirken yen satma e\u011filimi artar.\n\nT\u00fcrev \u00fcr\u00fcn (fiyat\u0131 d\u00f6viz kuru gibi bir dayanak varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) i\u015flemi yapanlar i\u00e7in bu tablo, USD\/JPY kurunun y\u00fckselmesine pozisyon alma fikrini g\u00fc\u00e7lendirebilir. \u00d6rne\u011fin USD\/JPY\u2019de al\u0131m opsiyonu (call; belirli fiyattan alma hakk\u0131) almak ya da JPY vadeli i\u015flemlerinde (futures; ileri tarihli standart s\u00f6zle\u015fme) sat\u0131\u015f y\u00f6n\u00fcnde pozisyon ta\u015f\u0131mak, bu beklentiyi yans\u0131tman\u0131n do\u011frudan yollar\u0131 aras\u0131nda g\u00f6r\u00fcl\u00fcr. Bu i\u015flemler, yenin dolar kar\u015f\u0131s\u0131nda de\u011fer kayb\u0131 s\u00fcrerse kazan\u00e7 \u00fcretebilir.\n\nBu tablo, 2022 ve 2023 d\u00f6nemindeki ko\u015fullar\u0131 hat\u0131rlat\u0131yor. O d\u00f6nemde ABD\u2019de agresif faiz art\u0131\u015flar\u0131 yen \u00fczerinde g\u00fc\u00e7l\u00fc bir sat\u0131\u015f bask\u0131s\u0131 yaratm\u0131\u015f, USD\/JPY\u2019yi uzun y\u0131llar\u0131n zirvelerine ta\u015f\u0131m\u0131\u015ft\u0131. Tarihsel olarak piyasa bu kadar net bir ortak g\u00f6r\u00fc\u015fe (konsens\u00fcs) y\u00f6neldi\u011finde, hareketin uzun s\u00fcre devam etme ihtimali artabilir.\n\n

Yat\u0131r\u0131mc\u0131lar Bu G\u00f6r\u00fc\u015f\u00fc Nas\u0131l Uygulayabilir<\/h3>\n\nYat\u0131r\u0131mc\u0131lar ayr\u0131ca, yen odakl\u0131 ETF\u2019lerde (borsada i\u015flem g\u00f6ren fon; bir endeksi veya varl\u0131\u011f\u0131 takip eden fon) ay\u0131 y\u00f6nl\u00fc put spread (put opsiyonlar\u0131yla kurulan, maliyeti ve riski s\u0131n\u0131rlamay\u0131 ama\u00e7layan d\u00fc\u015f\u00fc\u015f stratejisi) gibi y\u00f6ntemleri de de\u011ferlendirebilir. Bu bak\u0131\u015f a\u00e7\u0131s\u0131, Japonya\u2019n\u0131n 2025 4. \u00e7eyrek GSYH (GDP; bir \u00fclkenin toplam \u00fcretimi) verilerinde g\u00f6r\u00fclen hafif daralma ile de destekleniyor. Ekonomide zay\u0131flama, merkez bankas\u0131n\u0131n para birimini g\u00fc\u00e7lendirmek i\u00e7in m\u00fcdahale etme iste\u011fini azaltabilir.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Yen\u2019de sert k\u0131r\u0131lma: CFTC\u2019ye g\u00f6re spek\u00fclatif net pozisyonlar 11,5 binden -16,6 bine indi; net uzun\u2019dan net k\u0131sa\u2019ya d\u00f6n\u00fc\u015f. Faiz fark\u0131 (Fed %3,5, BOJ gev\u015fek) USD\/JPY yukar\u0131 beklentisini g\u00fc\u00e7lendiriyor.<\/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-29819","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\/tr-mena\/wp-json\/wp\/v2\/posts\/29819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=29819"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29819\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}