{"id":30273,"date":"2026-03-13T10:03:32","date_gmt":"2026-03-13T10:03:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abd-dolari-pce-enflasyon-verileri-oncesinde-guclenirken-usd-jpy-yukseliyor-japon-yeni-zayifliyor\/"},"modified":"2026-03-13T10:03:32","modified_gmt":"2026-03-13T10:03:32","slug":"abd-dolari-pce-enflasyon-verileri-oncesinde-guclenirken-usd-jpy-yukseliyor-japon-yeni-zayifliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-dolari-pce-enflasyon-verileri-oncesinde-guclenirken-usd-jpy-yukseliyor-japon-yeni-zayifliyor\/","title":{"rendered":"ABD Dolar\u0131, PCE enflasyon verileri \u00f6ncesinde g\u00fc\u00e7lenirken USD\/JPY y\u00fckseliyor; Japon Yeni zay\u0131fl\u0131yor"},"content":{"rendered":"USD\/JPY d\u00f6rd\u00fcnc\u00fc seansta da y\u00fckseldi ve Cuma g\u00fcn\u00fc erken Avrupa i\u015flemlerinde 159,40 civar\u0131nda i\u015flem g\u00f6rd\u00fc. Dolar g\u00fc\u00e7l\u00fc kald\u0131; piyasalar ve ekonomistler, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) gelecek hafta faizleri de\u011fi\u015ftirmeyece\u011fini ve federal fonlama faizinin (bankalar\u0131n gece vadeli bor\u00e7 verme faizi) %3,50\u2013%3,75 aral\u0131\u011f\u0131nda kalaca\u011f\u0131n\u0131 bekliyor.\n\nYat\u0131r\u0131mc\u0131lar, Cuma g\u00fcn\u00fc a\u00e7\u0131klanacak Ocak ay\u0131 PCE enflasyon verisini bekliyor. PCE (ki\u015fisel t\u00fcketim harcamalar\u0131 fiyat endeksi) Fed\u2019in yak\u0131ndan izledi\u011fi enflasyon g\u00f6stergesidir; veride \u0130ran sava\u015f\u0131 etkileri yer almayacak. Piyasalar ayr\u0131ca d\u00f6rd\u00fcnc\u00fc \u00e7eyrek ABD GSYH (ekonomik b\u00fcy\u00fcme) verisini ve Mart ay\u0131 t\u00fcketici g\u00fcvenini izliyor.\n\n<h3>Japan Signals Readiness In Fx Markets<\/h3>\nJaponya Maliye Bakan\u0131, petrol fiyatlar\u0131 y\u00fckselirken yetkililerin d\u00f6viz piyasalar\u0131nda (FX) ad\u0131m atmaya haz\u0131r oldu\u011funu s\u00f6yledi. Japonya Merkez Bankas\u0131 (BoJ) Ba\u015fkan\u0131 ise zay\u0131f yenin ithal enflasyonu (d\u0131\u015far\u0131dan al\u0131nan \u00fcr\u00fcnlerin pahalanmas\u0131n\u0131n i\u00e7 fiyatlara yans\u0131mas\u0131) art\u0131rabilece\u011fini ve para politikas\u0131nda normalle\u015fmeyi (gev\u015fek politikadan \u00e7\u0131k\u0131\u015f\u0131) h\u0131zland\u0131rabilece\u011fini belirtti. Ba\u015fkan, kurun (d\u00f6viz kuru) enflasyon \u00fczerindeki etkisinin ge\u00e7mi\u015fe g\u00f6re daha y\u00fcksek oldu\u011funu da ekledi.\n\nUSD\/JPY, ge\u00e7mi\u015fte m\u00fcdahale (kuru etkilemek i\u00e7in piyasalarda d\u00f6viz al\u0131m-sat\u0131m\u0131) g\u00f6r\u00fclen 160 seviyesine yakla\u015f\u0131yor. Buna kar\u015f\u0131n yetkililer s\u0131n\u0131rl\u0131 a\u00e7\u0131klama yap\u0131yor. Japonya Orta Do\u011fu petrol\u00fcne y\u00fcksek \u00f6l\u00e7\u00fcde ba\u011f\u0131ml\u0131 ve b\u00fcy\u00fck rezervlere sahip; bu durum, yenin daha fazla zay\u0131flamas\u0131 s\u0131n\u0131rl\u0131 kal\u0131rken paritenin 160\u2019a yak\u0131n seyretmesine izin verebilir.\n\nJaponya, rezervlerden yakla\u015f\u0131k 80 milyon varil petrol serbest b\u0131rakmay\u0131 planl\u0131yor; bu miktar yakla\u015f\u0131k 45 g\u00fcnl\u00fck tedarike denk geliyor. Japonya\u2019n\u0131n petrol ithalat\u0131n\u0131n yakla\u015f\u0131k %95\u2019i Orta Do\u011fu\u2019dan geliyor; bunun da yakla\u015f\u0131k %90\u2019\u0131 H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ge\u00e7iyor. ABD-\u0130srail ile \u0130ran aras\u0131ndaki sava\u015f s\u0131ras\u0131nda bo\u011fazdaki trafi\u011fin b\u00fcy\u00fck \u00f6l\u00e7\u00fcde engellendi\u011fi belirtiliyor.\n\nJaponya, G7 ve IEA (Uluslararas\u0131 Enerji Ajans\u0131) ile birlikte 16 Mart\u2019tan itibaren kendi pay\u0131n\u0131 serbest b\u0131rakmaya ba\u015flayacak. Yetkililer, zamanlama ve da\u011f\u0131t\u0131m\u0131n (hangi \u00fclke\/\u015firkete ne kadar verilece\u011fi) g\u00f6r\u00fc\u015f\u00fclmeye devam etti\u011fini, \u015firketlerin de ABD, Orta Asya ve G\u00fcney Amerika\u2019dan tedarik arad\u0131\u011f\u0131n\u0131 s\u00f6yledi.\n\n<h3>Key Drivers For Yen And Volatility<\/h3>\nYen; Japonya ekonomisi, BoJ politikas\u0131, ABD\u2013Japonya tahvil getirisi fark\u0131 (iki \u00fclke faizlerinin fark\u0131) ve risk i\u015ftah\u0131 (yat\u0131r\u0131mc\u0131lar\u0131n risk alma iste\u011fi) taraf\u0131ndan \u015fekillenir. BoJ zaman zaman m\u00fcdahalede bulundu. 2013\u20132024 d\u00f6nemindeki \u00e7ok gev\u015fek politika (\u00e7ok d\u00fc\u015f\u00fck faiz ve bol para), yeni zay\u0131flatt\u0131; daha sonra gelen geri d\u00f6n\u00fc\u015f (gev\u015fekli\u011fin azalt\u0131lmas\u0131) ise getiri fark\u0131n\u0131 daraltt\u0131.\n\nUSD\/JPY \u015fu anda 158,50\u2019ye do\u011fru y\u00fckseliyor. Bu seviye, paritenin 160\u2019\u0131 zorlad\u0131\u011f\u0131 2025 ba\u015f\u0131ndaki gergin d\u00f6nemi yeniden g\u00fcndeme getiriyor. Bu y\u0131l resmi m\u00fcdahale g\u00f6r\u00fclmese de, 2025\u2019in ikinci \u00e7eyre\u011finde 160,15 civar\u0131nda ad\u0131m at\u0131ld\u0131\u011f\u0131 hat\u0131rlan\u0131yor. Bu nedenle 159 \u00fczerindeki yen al\u0131m opsiyonlar\u0131n\u0131 (yenin g\u00fc\u00e7lenmesine kar\u015f\u0131 sigorta gibi kullan\u0131lan \u201ccall\u201d opsiyonlar\u0131) satmak riskli. Bu ge\u00e7mi\u015f, parite kritik b\u00f6lgeye yakla\u015ft\u0131k\u00e7a 1 ayl\u0131k opsiyonlarda ima edilen oynakl\u0131\u011f\u0131n (opsiyon fiyatlar\u0131ndan \u00e7\u0131kar\u0131lan beklenen dalgalanma) artabilece\u011fine i\u015faret ediyor.\n\n2025 ba\u015f\u0131na g\u00f6re politika ortam\u0131 farkl\u0131. O d\u00f6nemde Fed faizi %3,50\u2013%3,75\u2019te tutuyordu. \u015eimdi ise birka\u00e7 indirim sonras\u0131 federal fonlama faizi %2,75\u2013%3,00 aral\u0131\u011f\u0131nda. B\u00f6ylece daha \u00f6nce dolar\u0131 destekleyen faiz fark\u0131 belirgin \u015fekilde darald\u0131. Ancak Ocak 2026 ABD \u00e7ekirdek PCE (enerji ve g\u0131da hari\u00e7 enflasyon g\u00f6stergesi) verisinin %2,8 ile \u201cinat\u00e7\u0131\u201d \u015fekilde y\u00fcksek gelmesi, Fed\u2019in gelecekteki faiz indirim h\u0131z\u0131na dair belirsizli\u011fi art\u0131rd\u0131 ve dolara taban destek verdi.\n\nBoJ Ba\u015fkan\u0131 Ueda\u2019n\u0131n ge\u00e7en y\u0131l ithal enflasyon uyar\u0131s\u0131 net bir sinyaldi; BoJ da 2025 sonlar\u0131nda negatif faiz politikas\u0131n\u0131 (faizin s\u0131f\u0131r\u0131n alt\u0131nda oldu\u011fu d\u00f6nem) bitirdi. Politika faizi \u015fu anda %0,10. Ancak bu tarihi de\u011fi\u015fim, yene kal\u0131c\u0131 g\u00fc\u00e7 kazand\u0131rmad\u0131. Bu da piyasalar\u0131n k\u00fc\u00e7\u00fck art\u0131\u015f\u0131 \u00f6nceden fiyatlad\u0131\u011f\u0131n\u0131 (beklentiyi kur\/fiyatlara daha \u00f6nce yans\u0131tt\u0131\u011f\u0131n\u0131) ve \u015fimdi BoJ\u2019un daha sert bir faiz art\u0131r\u0131m d\u00f6ng\u00fcs\u00fc (kademeli ama daha g\u00fc\u00e7l\u00fc art\u0131\u015f s\u00fcreci) sinyali verip vermeyece\u011fini bekledi\u011fini g\u00f6steriyor.\n\n\u0130ran sava\u015f\u0131yla olu\u015fan sert arz \u015foku (aniden ya\u015fanan tedarik daralmas\u0131) hafifledi; ancak etkisi s\u00fcr\u00fcyor. WTI ham petrol (ABD tipi ham petrol) varil fiyat\u0131 yakla\u015f\u0131k 84 dolar seviyesinde ve bu, 2025\u2019te \u00e7at\u0131\u015fma ba\u015flamadan \u00f6nce g\u00f6r\u00fclen seviyelerin \u00fczerinde. Ge\u00e7en y\u0131l Japonya\u2019n\u0131n stratejik rezervlerinden 80 milyon varilin koordineli \u015fekilde serbest b\u0131rak\u0131lmas\u0131 ge\u00e7ici rahatlama sa\u011flad\u0131; ancak Japonya\u2019n\u0131n enerji fiyatlar\u0131na hassasiyetini ortaya koydu. Yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan bu, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019nda yeniden bir istikrars\u0131zl\u0131\u011f\u0131n yende d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 korunma ama\u00e7l\u0131 \u201cput\u201d opsiyonlar\u0131na (yeni satma hakk\u0131 veren opsiyon) talebi art\u0131rabilece\u011fi anlam\u0131na geliyor.\n\nSon bir y\u0131lda yenin g\u00fcvenli liman (krizde de\u011fer kazand\u0131\u011f\u0131 d\u00fc\u015f\u00fcn\u00fclen varl\u0131k) rol\u00fcn\u00fcn daha zay\u0131f kald\u0131\u011f\u0131 g\u00f6r\u00fcld\u00fc. 2025\u2019in d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011findeki k\u00fcresel imalat yava\u015flamas\u0131 endi\u015fesi gibi d\u00f6nemlerde yat\u0131r\u0131mc\u0131lar, g\u00fcvenlik i\u00e7in yenden \u00e7ok ABD dolar\u0131n\u0131 tercih etti. \u00d6n\u00fcm\u00fczdeki haftalarda bu, k\u00fcresel stres i\u015faretlerinde otomatik olarak yen al\u0131m\u0131 yapmak yerine, opsiyonlarla dalgalanma odakl\u0131 stratejileri (\u00f6rne\u011fin USD\/JPY\u2019de straddle: ayn\u0131 vadede hem al\u0131m hem sat\u0131m opsiyonu alarak b\u00fcy\u00fck hareketten faydalanma) \u00f6ne \u00e7\u0131kar\u0131yor.\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 159,40\u2019a t\u0131rmand\u0131: 160 e\u015fi\u011fi yine g\u00fcndemde. Fed\u2019in faizleri sabit tutmas\u0131 beklenirken odak PCE, GSYH ve g\u00fcven verileri. Japonya m\u00fcdahaleye haz\u0131r; petrol \u015foku yen oynakl\u0131\u011f\u0131n\u0131 art\u0131r\u0131yor.<\/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-30273","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\/30273","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=30273"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30273\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}