{"id":43856,"date":"2026-04-06T05:16:09","date_gmt":"2026-04-06T05:16:09","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/yatirimcilar-bojun-faiz-artirimi-ihtimalini-degerlendirirken-eur-jpy-onceki-kayiplarin-ardindan-18400un-altinda-18380-civarinda-tutunuyor\/"},"modified":"2026-04-06T05:16:09","modified_gmt":"2026-04-06T05:16:09","slug":"yatirimcilar-bojun-faiz-artirimi-ihtimalini-degerlendirirken-eur-jpy-onceki-kayiplarin-ardindan-18400un-altinda-18380-civarinda-tutunuyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/yatirimcilar-bojun-faiz-artirimi-ihtimalini-degerlendirirken-eur-jpy-onceki-kayiplarin-ardindan-18400un-altinda-18380-civarinda-tutunuyor\/","title":{"rendered":"Yat\u0131r\u0131mc\u0131lar BoJ\u2019un faiz art\u0131r\u0131m\u0131 ihtimalini de\u011ferlendirirken, EUR\/JPY \u00f6nceki kay\u0131plar\u0131n ard\u0131ndan 184,00\u2019\u00fcn alt\u0131nda 183,80 civar\u0131nda tutunuyor"},"content":{"rendered":"EUR\/JPY, Pazartesi Asya i\u015flemlerinde \u00f6nceki seansta g\u00f6r\u00fclen s\u0131n\u0131rl\u0131 kay\u0131plar\u0131n ard\u0131ndan 183,80 civar\u0131nda yatay seyretti. Japon Yeni\u2019nin Nisan ay\u0131nda Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) para politikas\u0131n\u0131 s\u0131k\u0131la\u015ft\u0131raca\u011f\u0131 beklentisiyle g\u00fc\u00e7lenmesi halinde parite daha da zay\u0131flayabilir.  \n\nBu beklentiler, daha y\u00fcksek enerji maliyetlerine ba\u011fl\u0131 artan enflasyon bask\u0131lar\u0131yla ili\u015fkilendiriliyor. Uluslararas\u0131 Para Fonu (IMF), Cuma g\u00fcn\u00fc yap\u0131lan politika de\u011ferlendirmesinin ard\u0131ndan BoJ\u2019un kademeli faiz art\u0131r\u0131m\u0131 \u00e7izgisini destekledi.  \n\n<h3>Imf Boj\u2019un Kademeli S\u0131k\u0131la\u015ft\u0131rmas\u0131n\u0131 Destekliyor<\/h3>  \nIMF ayr\u0131ca Japonya ekonomisinin dayan\u0131kl\u0131l\u0131\u011f\u0131na dikkat \u00e7ekerek para deste\u011finin (piyasaya bol likidite verme ve d\u00fc\u015f\u00fck faiz yoluyla ekonomiyi destekleme) kademeli azalt\u0131lmas\u0131n\u0131 destekledi. Kurum, enflasyonun 2027\u2019ye kadar %2 hedefine yakla\u015fmas\u0131n\u0131 bekliyor.  \n\nYeni \u00fczerindeki bask\u0131, ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n \u0130ran\u2019a y\u00f6nelik tehditlerini art\u0131rmas\u0131n\u0131n ard\u0131ndan petrol fiyatlar\u0131n\u0131n y\u00fckselmesiyle de g\u00fc\u00e7lendi. Japonya, Orta Do\u011fu\u2019dan petrol ithalat\u0131na ba\u011f\u0131ml\u0131 oldu\u011fu i\u00e7in arz kesintisi riskine a\u00e7\u0131k.  \n\nTrump, \u0130ran\u2019a H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131 yeniden a\u00e7mas\u0131 i\u00e7in s\u00fcre tan\u0131d\u0131 ve elektrik santralleri ile sivil altyap\u0131ya sald\u0131r\u0131 tehdidinde bulundu. \u0130ranl\u0131 yetkililer, ABD ile ba\u011flant\u0131l\u0131 altyap\u0131ya misilleme uyar\u0131s\u0131 yapt\u0131 ve sava\u015f hasar\u0131 \u00f6denene kadar bo\u011faz\u0131n kapal\u0131 kalaca\u011f\u0131n\u0131 s\u00f6yledi.  \n\nEUR\/JPY\u2019deki d\u00fc\u015f\u00fc\u015f, Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) s\u0131k\u0131 para politikas\u0131 duru\u015funun Euro\u2019yu desteklemesiyle s\u0131n\u0131rlanabilir. ECB yetkilileri, enflasyon %2 hedefine d\u00f6nene kadar politikan\u0131n s\u0131k\u0131 kalaca\u011f\u0131n\u0131 belirtti.  \n\n<h3>Ta\u015f\u0131ma Getirisi Deste\u011fi ve Petrol Riski<\/h3>  \nBoJ politikas\u0131n\u0131 normalle\u015ftirme ad\u0131mlar\u0131 att\u0131, ancak h\u0131z \u00e7ok yava\u015f kald\u0131. Gecelik bor\u00e7lanma faizi \u015fu anda sadece %0,25 seviyesinde; \u00e7ekirdek enflasyon (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) ise %2,5 ile y\u00fcksek seyrediyor. Bu tablo, Yeni\u2019yi \u201ccarry trade\u201d i\u00e7in cazip k\u0131l\u0131yor: Carry trade, d\u00fc\u015f\u00fck faizli para biriminde bor\u00e7lan\u0131p daha y\u00fcksek faizli para birimine ge\u00e7erek faiz fark\u0131ndan getiri hedeflenen stratejidir.  \n\nBuna kar\u015f\u0131l\u0131k ECB, ana mevduat faizini %3,50\u2019de tutarak s\u0131k\u0131 duru\u015funu koruyor. Euro B\u00f6lgesi enflasyonu son olarak %2,3 geldi; hedefin az \u00fczerinde kalmas\u0131 ECB\u2019nin yak\u0131n vadede faiz indirimi sinyali vermesini zorla\u015ft\u0131r\u0131yor. Bu durum, EUR\/JPY\u2019yi destekleyen geni\u015f faiz fark\u0131n\u0131 (iki para birimi aras\u0131ndaki faiz oran\u0131 fark\u0131) koruyor.  \n\nTrump-\u0130ran hatt\u0131ndaki gerilimlerin ayr\u0131nt\u0131lar\u0131 de\u011fi\u015fse de enerji fiyatlar\u0131na y\u00f6nelik temel risk s\u00fcr\u00fcyor. Brent petrol varil fiyat\u0131 91 dolar\u0131n \u00fczerinde seyrederken, enerji ithalat maliyetinin y\u00fcksek kalmas\u0131 Japonya\u2019n\u0131n d\u0131\u015f ticaret dengesini olumsuz etkiliyor. Bu da Japon Yeni i\u00e7in kal\u0131c\u0131 bir bask\u0131 unsuru.  \n\n\u00d6n\u00fcm\u00fczdeki haftalarda yat\u0131r\u0131mc\u0131lar, y\u00fcksek \u201cpozitif carry\u201dden (faiz fark\u0131 getirisi) yararlan\u0131rken oynakl\u0131\u011fa (fiyat dalgalanmas\u0131n\u0131n artmas\u0131) kar\u015f\u0131 korunma sa\u011flayan stratejilere odaklanabilir. Faiz avantaj\u0131 EUR\/JPY\u2019de uzun pozisyonu (fiyat\u0131n y\u00fckseli\u015fine oynayan pozisyon) desteklese de ani piyasa hareketleri veya resmi m\u00fcdahale riski devam ediyor. Bu nedenle yaln\u0131zca spot piyasada uzun pozisyon ta\u015f\u0131mak sert geri \u00e7ekilmelere (h\u0131zl\u0131 de\u011fer kayb\u0131) a\u00e7\u0131k olabilir.  \n\nOpsiyonlarla bu i\u015flemi kurgulamak daha dengeli bir yakla\u015f\u0131m olabilir. EUR\/JPY al\u0131m opsiyonu (call) almak, yukar\u0131 hareketten yararlanmay\u0131 sa\u011flarken a\u015fa\u011f\u0131 y\u00f6nl\u00fc riski \u00f6denen primle s\u0131n\u0131rlar. Daha d\u00fc\u015f\u00fck maliyet i\u00e7in \u201cbull call spread\u201d (daha d\u00fc\u015f\u00fck kullan\u0131m fiyatl\u0131 call al\u0131p daha y\u00fcksek kullan\u0131m fiyatl\u0131 call satarak maliyeti azaltan y\u00fckseli\u015f y\u00f6nl\u00fc opsiyon stratejisi) de\u011ferlendirilebilir.\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>EUR\/JPY 183,80\u2019de yatay: BoJ\u2019un Nisan\u2019da s\u0131k\u0131la\u015fma beklentisi Yen\u2019i g\u00fc\u00e7lendirip pariteyi bask\u0131layabilir. Petrol\/Trump-\u0130ran riski ve IMF deste\u011fi \u00f6ne \u00e7\u0131karken, ECB\u2019nin s\u0131k\u0131l\u0131\u011f\u0131 d\u00fc\u015f\u00fc\u015f\u00fc s\u0131n\u0131rl\u0131yor; carry ve opsiyonlar izleniyor.<\/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-43856","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\/43856","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=43856"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43856\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=43856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=43856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=43856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}