{"id":30477,"date":"2026-03-17T06:02:22","date_gmt":"2026-03-17T06:02:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/dort-gun-ust-uste-yukselisin-ardindan-usd-jpy-04-geriledi-genel-olarak-sakin-piyasa-kosullarinda-15900-seviyesine-dogru-cekildi\/"},"modified":"2026-03-17T06:02:22","modified_gmt":"2026-03-17T06:02:22","slug":"dort-gun-ust-uste-yukselisin-ardindan-usd-jpy-04-geriledi-genel-olarak-sakin-piyasa-kosullarinda-15900-seviyesine-dogru-cekildi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/dort-gun-ust-uste-yukselisin-ardindan-usd-jpy-04-geriledi-genel-olarak-sakin-piyasa-kosullarinda-15900-seviyesine-dogru-cekildi\/","title":{"rendered":"D\u00f6rt g\u00fcn \u00fcst \u00fcste y\u00fckseli\u015fin ard\u0131ndan USD\/JPY %0,4 geriledi; genel olarak sakin piyasa ko\u015fullar\u0131nda 159,00 seviyesine do\u011fru \u00e7ekildi"},"content":{"rendered":"USD\/JPY Pazartesi g\u00fcn\u00fc yakla\u015f\u0131k %0,4 geriledi; d\u00f6rt seansl\u0131k y\u00fckseli\u015fi bitirerek yeniden 159,00 b\u00f6lgesine d\u00f6nd\u00fc. Parite \u015eubat ay\u0131nda yakla\u015f\u0131k 152,10\u2019dan y\u00fckselmi\u015fti ancak 159,75\u2019e do\u011fru hareket kal\u0131c\u0131 olmad\u0131.\n\nJapon Yeni, genel i\u015flemlerde ABD Dolar\u0131\u2019n\u0131n zay\u0131flamas\u0131yla de\u011fer kazand\u0131. Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) Per\u015fembe g\u00fcn\u00fc politika faizini %0,75\u2019te tutmas\u0131 bekleniyor. Enflasyon ise %2 hedefinin \u00fczerinde kalmay\u0131 s\u00fcrd\u00fcr\u00fcyor.\n\n

Japonya Verileri ve BoJ G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nJaponya, \u00f6nceki a\u00e7\u0131klamada ihracat\u0131n y\u0131ll\u0131k bazda %16,8 artt\u0131\u011f\u0131 ortamda, Per\u015fembe g\u00fcn\u00fc \u015eubat ay\u0131 d\u0131\u015f ticaret verilerini de yay\u0131mlayacak. Piyasalar, gelecekte olas\u0131 faiz art\u0131\u015flar\u0131n\u0131n zamanlamas\u0131na dair ipucu i\u00e7in Ba\u015fkan Ueda\u2019n\u0131n a\u00e7\u0131klamalar\u0131n\u0131 izleyecek.\n\nABD taraf\u0131nda, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndaki gerilimin azalmas\u0131, \u201cg\u00fcvenli liman\u201d (belirsizlikte yat\u0131r\u0131mc\u0131lar\u0131n s\u0131\u011f\u0131nd\u0131\u011f\u0131 varl\u0131k) olarak Dolar\u2019a talebi d\u00fc\u015f\u00fcrd\u00fc. New York Empire State \u0130malat Endeksi -0,2 geldi; beklenti 3,2 idi.\n\nFed\u2019in (ABD Merkez Bankas\u0131) karar\u0131 \u00c7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klanacak; faizlerin %3,75\u2019te kalmas\u0131 bekleniyor. Kararla birlikte g\u00fcncellenmi\u015f Ekonomik Tahminler \u00d6zeti (b\u00fcy\u00fcme, enflasyon ve faiz patikas\u0131 tahminleri) de yay\u0131mlanacak.\n\nBir y\u0131l \u00f6ncesine bak\u0131ld\u0131\u011f\u0131nda, Mart 2025\u2019te USD\/JPY 160\u2019a yakla\u015f\u0131rken piyasa hik\u00e2yesi b\u00fcy\u00fck bir politika fark\u0131 etraf\u0131nda \u015fekilleniyordu: BoJ faizini %0,75\u2019te tutarken Fed %3,75\u2019te kal\u0131yordu. Bu geni\u015f fark, dolar\u0131n yen kar\u015f\u0131s\u0131nda al\u0131nmas\u0131n\u0131n (uzun dolar pozisyonu) ana gerek\u00e7esiydi.\n\n

Politika Yak\u0131nsamas\u0131 ve Piyasa Etkileri<\/h3>\nO zirveden sonra dengeler belirgin \u015fekilde de\u011fi\u015fti ve dolar lehine pozisyonlar daha riskli hale geldi. Fed, b\u00fcy\u00fcmenin yava\u015flamas\u0131na yan\u0131t olarak faiz indirim s\u00fcrecine girerek politika faizini %2,75\u2019e \u00e7ekti. Buna kar\u015f\u0131l\u0131k BoJ, kademeli normalle\u015fmeyi s\u00fcrd\u00fcrd\u00fc ve 2025\u2019in sonlar\u0131nda iki kez faiz art\u0131rarak g\u00f6sterge faizini %1,25\u2019e y\u00fckseltti.\n\nBu politika yak\u0131nsamas\u0131, kritik ABD-Japonya 10 y\u0131ll\u0131k tahvil faiz fark\u0131n\u0131 (getiri fark\u0131) s\u0131k\u0131\u015ft\u0131rd\u0131: 2025 ba\u015f\u0131nda 350 baz puan\u0131n (1 baz puan = %0,01) \u00fczerindeyken bug\u00fcn 240 baz puana geriledi. Bu daralma, pariteyi destekleyen \u00f6nemli bir unsuru zay\u0131flat\u0131yor ve yukar\u0131 y\u00f6n\u00fc s\u0131n\u0131rl\u0131yor. 154,50\u2019deki mevcut seviye, \u201ccarry trade\u201din (d\u00fc\u015f\u00fck faizli para biriminden bor\u00e7lan\u0131p y\u00fcksek faizli para birimine yat\u0131r\u0131m yapma) eskisi kadar cazip olmad\u0131\u011f\u0131 yeni durumu yans\u0131t\u0131yor.\n\nJaponya\u2019n\u0131n \u015eubat 2026 ulusal \u00e7ekirdek T\u00dcFE\u2019si %2,3 ile BoJ hedefinin \u00fczerinde kal\u0131rken, bu y\u0131l yeni bir faiz art\u0131\u015f\u0131 beklentileri g\u00fc\u00e7leniyor. Bu, yat\u0131r\u0131mc\u0131lar i\u00e7in 157,00 \u00fczerindeki kullan\u0131m fiyatlar\u0131ndan al\u0131m opsiyonu (call option: belirli fiyattan alma hakk\u0131) sat\u0131p prim (opsiyon sat\u0131c\u0131s\u0131n\u0131n ald\u0131\u011f\u0131 \u00fccret) toplaman\u0131n daha temkinli bir strateji olabilece\u011fine i\u015faret ediyor; 2025\u2019te g\u00f6r\u00fclen 160 seviyesine d\u00f6n\u00fc\u015f olas\u0131l\u0131\u011f\u0131 d\u00fc\u015f\u00fck g\u00f6r\u00fcn\u00fcyor. Ge\u00e7mi\u015fteki bu diren\u00e7 b\u00f6lgesi (sat\u0131\u015flar\u0131n yo\u011funla\u015ft\u0131\u011f\u0131 seviye) art\u0131k a\u015f\u0131lmas\u0131 zor bir psikolojik e\u015fik olarak \u00f6ne \u00e7\u0131k\u0131yor.\n\nAzalan ivme nedeniyle, \u201cput spread\u201d gibi stratejiler (sat\u0131m opsiyonu\/put: belirli fiyattan satma hakk\u0131; spread: farkl\u0131 kullan\u0131m fiyatlar\u0131yla birlikte i\u015flem a\u00e7arak risk-getiri dengesini s\u0131n\u0131rlamak) paritede kademeli bir a\u015fa\u011f\u0131 y\u00f6n i\u00e7in de\u011ferlendirilebilir. 2025 rallisinde zay\u0131flayan yenin \u201cg\u00fcvenli liman\u201d \u00f6zelli\u011fi, k\u00fcresel ekonomik yava\u015flama derinle\u015firse yeniden \u00f6ne \u00e7\u0131kabilir; bu da USD\/JPY i\u00e7in ek bir bask\u0131 unsuru olur. Ge\u00e7en y\u0131l g\u00f6r\u00fclen net dolar g\u00fcc\u00fc d\u00f6nemi geride kald\u0131.\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":"

Dikkat: USD\/JPY\u2019de ralli soluyor. Parite 159\u2019a \u00e7ekildi; dolar zay\u0131fl\u0131yor. BoJ faizleri sabit tutsa da enflasyon y\u00fcksek. Fed indirimiyle getiri fark\u0131 daral\u0131yor, 160 zor.<\/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-30477","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\/30477","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=30477"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30477\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}