{"id":30260,"date":"2026-03-13T07:07:20","date_gmt":"2026-03-13T07:07:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/mudahale-endiseleri-yeni-hafifce-destekledi-asya-islemlerinde-usd-jpy-gerileyerek-15940-15945-civarinda-uc-gunluk-yukselisi-sonlandirdi\/"},"modified":"2026-03-13T07:07:20","modified_gmt":"2026-03-13T07:07:20","slug":"mudahale-endiseleri-yeni-hafifce-destekledi-asya-islemlerinde-usd-jpy-gerileyerek-15940-15945-civarinda-uc-gunluk-yukselisi-sonlandirdi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/mudahale-endiseleri-yeni-hafifce-destekledi-asya-islemlerinde-usd-jpy-gerileyerek-15940-15945-civarinda-uc-gunluk-yukselisi-sonlandirdi\/","title":{"rendered":"M\u00fcdahale endi\u015feleri yen\u2019i hafif\u00e7e destekledi; Asya i\u015flemlerinde USD\/JPY gerileyerek 159,40-159,45 civar\u0131nda \u00fc\u00e7 g\u00fcnl\u00fck y\u00fckseli\u015fi sonland\u0131rd\u0131"},"content":{"rendered":"USD\/JPY, cuma g\u00fcn\u00fc Asya i\u015flemlerinde sat\u0131\u015f bask\u0131s\u0131yla kar\u015f\u0131la\u015ft\u0131. \u00dc\u00e7 g\u00fcnl\u00fck y\u00fckseli\u015fini sonland\u0131rarak 159,40\u2013159,45 seviyesindeki y\u0131l i\u00e7i zirvesinden geri \u00e7ekildi. Kur 159,00 civar\u0131na indi ancak d\u00fc\u015f\u00fc\u015f s\u0131n\u0131rl\u0131 kald\u0131.\n\nYen, ocak ay\u0131nda \u201ckur kontrol\u00fc\u201dne (yetkililerin h\u0131zl\u0131 oynakl\u0131\u011f\u0131 izlemek i\u00e7in bankalardan kur bilgisi toplad\u0131\u011f\u0131 uyar\u0131 niteli\u011findeki ad\u0131m) yol a\u00e7an seviyelere geri d\u00f6nd\u00fc. Bu da yendeki zay\u0131flamay\u0131 yava\u015flatmak i\u00e7in resm\u00ee ad\u0131m (piyasaya do\u011frudan m\u00fcdahale) gelebilece\u011fi beklentisini art\u0131rd\u0131. Bu durum, ABD dolar\u0131ndaki hafif geri \u00e7ekilme ile birlikte USD\/JPY \u00fczerinde bask\u0131 yaratt\u0131; ancak paritede belirgin bir d\u00fc\u015f\u00fc\u015f olu\u015fmad\u0131.\n\n<h3>Enerji Fiyatlar\u0131 Ve BoJ K\u0131s\u0131tlar\u0131<\/h3>\nJaponya\u2019n\u0131n enerji ithalat\u0131na ba\u011f\u0131ml\u0131 olmas\u0131 nedeniyle ham petrol fiyatlar\u0131ndaki art\u0131\u015f, t\u00fcketici fiyatlar\u0131n\u0131 (enflasyon) yukar\u0131 \u00e7ekebilir ve b\u00fcy\u00fcmeyi bask\u0131layabilir. Bu da Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) uzun s\u00fcre uygulad\u0131\u011f\u0131 \u201cgev\u015fek para politikas\u0131ndan\u201d (\u00e7ok d\u00fc\u015f\u00fck faiz ve destekleyici ko\u015fullar) \u00e7\u0131k\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rabilir. B\u00f6yle bir tabloda yene talep zay\u0131f kalabilir ve bu da USD\/JPY\u2019yi destekleyebilir.\n\nABD dolar\u0131 ise ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) yak\u0131n vadede faiz indirimine gidece\u011fi beklentilerinin azalmas\u0131yla destek buluyor. Orta Do\u011fu gerilimi ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n kapanmas\u0131, petrol fiyatlar\u0131n\u0131 y\u00fcksek tutarak enflasyon risklerini art\u0131rd\u0131. Bu, Fed\u2019in faiz indirimlerini geciktirebilir ve USD\/JPY\u2019yi yukar\u0131da tutabilir.\n\nPiyasalar, faiz politikas\u0131na dair sinyal i\u00e7in bug\u00fcn a\u00e7\u0131klanacak ABD Ki\u015fisel T\u00fcketim Harcamalar\u0131 (PCE) Fiyat Endeksi\u2019ni bekliyor. PCE, ABD\u2019de enflasyonu izlemek i\u00e7in kullan\u0131lan \u00f6nemli bir g\u00f6sterge. Geri \u00e7ekilmeye ra\u011fmen USD\/JPY, \u00fcst \u00fcste d\u00f6rd\u00fcnc\u00fc haftal\u0131k y\u00fckseli\u015fine haz\u0131rlan\u0131yor.\n\n<h3>Pozisyonlanma Ve Opsiyon Stratejisi<\/h3>\nBu zay\u0131fl\u0131\u011f\u0131n \u00f6nemli nedeni BoJ\u2019un hareket alan\u0131n\u0131n dar olmas\u0131. Japonya\u2019da son \u00e7ekirdek enflasyon (enerji ve taze g\u0131da gibi oynak kalemler hari\u00e7) %2,5 civar\u0131nda; bu oran hedefin \u00fczerinde kalmaya devam ediyor ve politika ad\u0131mlar\u0131n\u0131 zorla\u015ft\u0131r\u0131yor. Artan enerji maliyetlerinin \u201cstagflasyon\u201d (y\u00fcksek enflasyon + zay\u0131f b\u00fcy\u00fcme) riskini art\u0131rmas\u0131, yat\u0131r\u0131mc\u0131lar\u0131n g\u00fc\u00e7l\u00fc yen y\u00f6n\u00fcnde sert pozisyon almas\u0131n\u0131 engelliyor.\n\nDi\u011fer tarafta, Fed\u2019in bu y\u0131l ek faiz indirimleri yapaca\u011f\u0131 beklentisi zay\u0131fl\u0131yor. \u0130lk indirimlerin ard\u0131ndan kal\u0131c\u0131 enflasyon, CME FedWatch Tool\u2019un (vadeli i\u015flemler \u00fczerinden Fed faiz olas\u0131l\u0131klar\u0131n\u0131 hesaplayan piyasa g\u00f6stergesi) da i\u015faret etti\u011fi \u00fczere, bir sonraki toplant\u0131da faiz indirimi ihtimalini %20\u2019nin alt\u0131na \u00e7ekti. ABD ile Japonya aras\u0131ndaki faiz fark\u0131, USD\/JPY i\u00e7in g\u00fc\u00e7l\u00fc bir destek unsuru olmaya devam ediyor.\n\nT\u00fcrev \u00fcr\u00fcn (dayanak varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) i\u015flemi yapanlar i\u00e7in bu ortam, olas\u0131 y\u00fckseli\u015fi hedeflerken s\u00fcrpriz bir m\u00fcdahale riskinde zarar\u0131 s\u0131n\u0131rlamak amac\u0131yla USD\/JPY\u2019de al\u0131m (call) opsiyonu almay\u0131 \u00f6ne \u00e7\u0131kar\u0131yor. Opsiyon s\u00f6zle\u015fmesinde risk \u00f6nceden belirlenirken, \u201cyen sat\u0131\u015f\u0131\u201d pozisyonunda (JPY\u2019nin de\u011fer kayb\u0131na oynayan i\u015flem) resm\u00ee m\u00fcdahale gelirse zarar h\u0131zla b\u00fcy\u00fcyebilir. Ayr\u0131ca \u201c\u00f6rt\u00fck oynakl\u0131k\u201dtaki (opsiyon fiyatlar\u0131ndan t\u00fcretilen beklenen dalgalanma) art\u0131\u015f yak\u0131ndan izlenmeli; bu, piyasada m\u00fcdahale endi\u015fesinin y\u00fckseldi\u011fine i\u015faret eder.\n\nAyr\u0131ca WTI ham petrol\u00fcn\u00fcn (ABD tipi ham petrol g\u00f6stergesi) yeniden varil ba\u015f\u0131na 85 dolara t\u0131rmanmas\u0131, ge\u00e7en y\u0131l g\u00f6r\u00fclen enerji fiyat\u0131 s\u0131\u00e7ramas\u0131n\u0131 hat\u0131rlat\u0131yor. Enerji ithalat\u00e7\u0131s\u0131 bir \u00fclke olarak bu, Japonya ekonomisi ve para birimi \u00fczerinde do\u011frudan bask\u0131 yarat\u0131r. Bu da USD\/JPY\u2019deki geri \u00e7ekilmelerin k\u0131sa s\u00fcreli kalabilece\u011fi ve al\u0131m f\u0131rsat\u0131 olarak g\u00f6r\u00fclebilece\u011fi g\u00f6r\u00fc\u015f\u00fcn\u00fc g\u00fc\u00e7lendiriyor.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>USD\/JPY 159,45 zirvesinden 159\u2019a gev\u015fedi; m\u00fcdahale beklentisi bask\u0131 kuruyor. Petrol art\u0131\u015f\u0131 BoJ\u2019u s\u0131k\u0131\u015ft\u0131r\u0131p yeni zay\u0131fl\u0131k riskini b\u00fcy\u00fct\u00fcyor. Fed\u2019in \u201cindirimi geciktirebilir\u201d fiyatlamas\u0131 destek, g\u00f6zler PCE\u2019de.<\/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-30260","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\/30260","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=30260"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30260\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}