{"id":43694,"date":"2026-03-31T06:05:20","date_gmt":"2026-03-31T06:05:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/japonyanin-subat-ayi-issizlik-orani-26-ile-27lik-beklentinin-altinda-kaldi\/"},"modified":"2026-03-31T06:05:20","modified_gmt":"2026-03-31T06:05:20","slug":"japonyanin-subat-ayi-issizlik-orani-26-ile-27lik-beklentinin-altinda-kaldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/japonyanin-subat-ayi-issizlik-orani-26-ile-27lik-beklentinin-altinda-kaldi\/","title":{"rendered":"Japonya\u2019n\u0131n \u015eubat ay\u0131 i\u015fsizlik oran\u0131 %2,6 ile %2,7\u2019lik beklentinin alt\u0131nda kald\u0131"},"content":{"rendered":"Japonya\u2019da i\u015fsizlik oran\u0131 \u015fubatta %2,6 oldu. Beklenti %2,7 idi.\n\n\u015eubat ay\u0131 istihdam verisinin beklentiden g\u00fc\u00e7l\u00fc gelmesi, Japonya Merkez Bankas\u0131\u2019n\u0131n (BOJ) para politikas\u0131n\u0131 daha da s\u0131k\u0131la\u015ft\u0131rmak i\u00e7in alan\u0131 oldu\u011funu g\u00f6steriyor. Para politikas\u0131n\u0131 s\u0131k\u0131la\u015ft\u0131rmak; faizleri art\u0131rmak ve piyasaya verilen paray\u0131 azaltmak gibi ad\u0131mlarla ekonomiyi daha kontroll\u00fc hale getirmek anlam\u0131na gelir. \u0130\u015fsizlik oran\u0131n\u0131n %2,6 ile d\u00fc\u015f\u00fck kalmas\u0131, \u00fccret art\u0131\u015f bask\u0131s\u0131n\u0131 art\u0131rabilir ve enflasyonu (fiyatlar\u0131n genel art\u0131\u015f\u0131) BOJ\u2019un hedef seviyesine yakla\u015ft\u0131rabilir. Bu nedenle BOJ\u2019un ikinci \u00e7eyrekte daha \u201c\u015fahin\u201d (faiz art\u0131\u015f\u0131na daha yak\u0131n, daha s\u0131k\u0131 para politikas\u0131 yanl\u0131s\u0131) bir tutuma ge\u00e7mesini bekliyoruz.\n\n

Yen G\u00fc\u00e7lenme G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nBu g\u00f6r\u00fcn\u00fcm, \u00f6n\u00fcm\u00fczdeki haftalarda Japon yeni\u2019nin g\u00fc\u00e7lenmesi ihtimalini art\u0131r\u0131yor. USD\/JPY paritesinin 151 seviyeleri \u00e7evresinde seyrederken 148\u2019e do\u011fru daha a\u015fa\u011f\u0131 seviyeleri test edebilece\u011fini \u00f6ng\u00f6r\u00fcyoruz. Bu hareketin temel nedeni faiz farklar\u0131n\u0131n daralmas\u0131d\u0131r; yani ABD ve Japonya faizleri aras\u0131ndaki fark\u0131n azalmas\u0131yla dolar\u0131n avantaj\u0131n\u0131n zay\u0131flamas\u0131. T\u00fcrev (fiyat\u0131 ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 olan) \u00fcr\u00fcnlerle i\u015flem yapanlar, yen al\u0131m opsiyonu (JPY call: belirli fiyattan yen alma hakk\u0131 veren s\u00f6zle\u015fme) almay\u0131 veya USD\/JPY vadeli kontrat\u0131 (futures: gelecekte belirli fiyattan al\u0131m-sat\u0131m taahh\u00fcd\u00fc) satmay\u0131 de\u011ferlendirebilir.\n\nBuna kar\u015f\u0131l\u0131k Japon hisselerinde bask\u0131 g\u00f6r\u00fclebilir. G\u00fc\u00e7l\u00fc yen, Japonya\u2019n\u0131n b\u00fcy\u00fck ihracat\u00e7\u0131 \u015firketlerinin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 azalt\u0131r; \u00e7\u00fcnk\u00fc yurt d\u0131\u015f\u0131 gelirleri yen\u2019e \u00e7evrilince daha d\u00fc\u015f\u00fck g\u00f6r\u00fcn\u00fcr. Bu \u015firketler, \u015fu anda 40.500 civar\u0131nda i\u015flem g\u00f6ren Nikkei 225 endeksinde \u00f6nemli yer tutuyor. Endeksin son bir y\u0131ldaki g\u00fc\u00e7l\u00fc y\u00fckseli\u015fi sonras\u0131, kur kaynakl\u0131 bu etki geri \u00e7ekilme riskini art\u0131rabilir.\n\nBu \u00e7er\u00e7evede Nikkei 225\u2019te sat\u0131m opsiyonu (put: belirli fiyattan satma hakk\u0131 veren s\u00f6zle\u015fme) almay\u0131, bir koruma (hedge: olas\u0131 kayb\u0131 dengelemeye y\u00f6nelik i\u015flem) ya da do\u011frudan d\u00fc\u015f\u00fc\u015f beklentisine dayal\u0131 i\u015flem olarak de\u011ferlendiriyoruz. Z\u0131mni oynakl\u0131k (implied volatility: opsiyon fiyatlar\u0131ndan piyasadaki beklenen dalgalanman\u0131n \u00f6l\u00e7\u00fclmesi) son bir haftada yakla\u015f\u0131k %5 y\u00fckseldi. Bu, piyasan\u0131n belirsizli\u011fi daha fazla fiyatlamaya ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6sterir. Z\u0131mni oynakl\u0131k y\u00fckseldik\u00e7e opsiyon primleri (opsiyonun maliyeti) genelde artar; bu nedenle daha erken hareket etmek maliyet a\u00e7\u0131s\u0131ndan daha avantajl\u0131 olabilir.\n\nGe\u00e7mi\u015fte, 2025\u2019in sonlar\u0131nda BOJ en agresif gev\u015feme politikalar\u0131n\u0131 (faizleri d\u00fc\u015f\u00fck tutma ve piyasaya para verme gibi destekleyici ad\u0131mlar) bitirme sinyali verdi\u011finde yende h\u0131zl\u0131 ama ge\u00e7ici bir y\u00fckseli\u015f g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Mevcut g\u00fc\u00e7l\u00fc veriler, bu kez hareketin daha kal\u0131c\u0131 olabilece\u011fine i\u015faret ediyor.\n\n

Temel \u0130\u015flem Etkileri<\/h3>\nBu tablo, ana f\u0131rsatlar\u0131n yenin g\u00fc\u00e7lenmesi ve hisse piyasas\u0131nda zay\u0131fl\u0131k etraf\u0131nda \u015fekillenece\u011fi g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc destekliyor.\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":"

Japonya\u2019da i\u015fsizlik \u015fubatta %2,6 ile beklentiyi a\u015ft\u0131; BOJ\u2019un 2\u00c7\u2019de daha \u015fahinle\u015fme alan\u0131 art\u0131yor. Yen g\u00fc\u00e7lenip USD\/JPY 148\u2019i test edebilir; Nikkei\u2019de bask\u0131 ve koruma ama\u00e7l\u0131 put talebi \u00f6ne \u00e7\u0131k\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-43694","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\/43694","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=43694"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43694\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=43694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=43694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=43694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}