USD\/JPY, Pazartesi g\u00fcn\u00fc erken Avrupa i\u015flemlerinde 159,00 seviyesine yak\u0131n y\u00fckseldi. Japon Yeni, yeniden artan ABD-\u0130ran gerilimi ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n kapat\u0131ld\u0131\u011f\u0131na dair haberlerin Dolar\u2019a destek olmas\u0131yla de\u011fer kaybetti.<\/p>\n
Guardian\u2019\u0131n aktard\u0131\u011f\u0131na g\u00f6re ABD Ba\u015fkan\u0131 Donald Trump, Pazar g\u00fcn\u00fc ABD Deniz Piyadelerinin, \u0130ran limanlar\u0131na y\u00f6nelik Amerikan ablukas\u0131n\u0131 ge\u00e7meye \u00e7al\u0131\u015fan bir gemiyi kontrol alt\u0131na ald\u0131\u011f\u0131n\u0131 s\u00f6yledi. \u0130ran D\u0131\u015fi\u015fleri Bakanl\u0131\u011f\u0131 S\u00f6zc\u00fcs\u00fc \u0130smail Baghaei ise ABD\u2019nin \u0130ran\u2019\u0131n limanlar\u0131 ve k\u0131y\u0131 \u015feridine y\u00f6nelik ablukas\u0131n\u0131n ate\u015fkesi ihlal eden bir sald\u0131rganl\u0131k eylemi oldu\u011funu belirtti.<\/p>\n
Devam eden anla\u015fmazl\u0131k k\u0131sa vadede ABD Dolar\u0131\u2019na destek verdi. Bu durum USD\/JPY paritesini 159,00 civar\u0131nda art\u0131da tuttu.<\/p>\n
Japonya Merkez Bankas\u0131 (BoJ) Ba\u015fkan\u0131 Kazuo Ueda, Cuma g\u00fcn\u00fc Nisan ay\u0131nda faiz art\u0131\u015f\u0131na i\u015faret etmekten ka\u00e7\u0131nd\u0131. Ueda, sava\u015fla ba\u011flant\u0131l\u0131 \u201columsuz arz \u015foku\u201dna (\u00fcretim ve tedarik taraf\u0131nda maliyetleri art\u0131ran ve ekonomiyi s\u0131k\u0131\u015ft\u0131ran ani daralma) dair belirsizli\u011fi gerek\u00e7e g\u00f6sterdi. Piyasalar, BoJ\u2019un en az Haziran 2026\u2019ya kadar faizi de\u011fi\u015ftirmesini bekliyor.<\/p>\n
Japon yetkililer d\u00f6viz kuruna y\u00f6nelik izlemeyi de art\u0131rd\u0131. Maliye Bakan\u0131 Satsuki Katayama, Japonya\u2019n\u0131n piyasalar\u0131 \u201cy\u00fcksek aciliyet\u201d ile takip etti\u011fini ve spek\u00fclatif (k\u0131sa vadeli kazan\u00e7 i\u00e7in yap\u0131lan) hareketlere kar\u015f\u0131 ad\u0131m atabilece\u011fini s\u00f6yledi.<\/p>\n
2025\u2019teki tabloya bak\u0131ld\u0131\u011f\u0131nda, USD\/JPY\u2019nin 159,00\u2019a dayanmas\u0131yla piyasada gerginlik \u00f6ne \u00e7\u0131k\u0131yordu. ABD-\u0130ran \u00e7at\u0131\u015fmas\u0131 ve BoJ\u2019un temkinli duru\u015fu Dolar\u2019\u0131 yukar\u0131 ta\u015f\u0131yan g\u00fc\u00e7l\u00fc bir etki yaratm\u0131\u015ft\u0131. Bu d\u00f6nemde d\u00f6vize m\u00fcdahale (merkez bankas\u0131 veya kamu otoritesinin kurda hareketi s\u0131n\u0131rlamak i\u00e7in piyasadan al\u0131m-sat\u0131m yapmas\u0131) endi\u015feleri en y\u00fcksek seviyedeydi.<\/p>\n
2025\u2019teki bu uyar\u0131lar\u0131n ard\u0131ndan Japon yetkililer, parite k\u0131sa s\u00fcreli\u011fine 160,20 seviyesine dokundu\u011funda piyasaya m\u00fcdahale etti. Bu hamle, paritenin tek seansta be\u015f b\u00fcy\u00fck rakam (yakla\u015f\u0131k 5 yen) d\u00fc\u015fmesine yol a\u00e7t\u0131. Yakla\u015f\u0131k 9 trilyon yen tutar\u0131nda oldu\u011fu bildirilen bu m\u00fcdahale, oynakl\u0131k (fiyatlar\u0131n h\u0131zl\u0131 ve sert dalgalanmas\u0131) i\u00e7in yeni bir \u00f6rnek olu\u015fturdu ve s\u00f6zl\u00fc uyar\u0131lar\u0131n somut ad\u0131mlarla desteklenebilece\u011fini g\u00f6sterdi. Bu olay, faiz fark\u0131na dayal\u0131 \u201cayr\u0131\u015fma i\u015flemleri\u201dnin (iki \u00fclkenin faiz politikas\u0131 farkl\u0131la\u015ft\u0131k\u00e7a olu\u015fan y\u00f6nl\u00fc kur pozisyonlar\u0131) zirvesi olarak g\u00f6r\u00fcl\u00fcyor; \u00e7\u00fcnk\u00fc temel dinamikler sonraki d\u00f6nemde de\u011fi\u015fmeye ba\u015flad\u0131.<\/p>\n
Bug\u00fcn \u0130ran kaynakl\u0131 jeopolitik risk azalm\u0131\u015f olsa da odak tamamen para politikas\u0131na d\u00f6nd\u00fc. Japonya\u2019n\u0131n son \u00e7ekirdek T\u00dcFE verisi (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) \u0131srarc\u0131 bi\u00e7imde %2,8 geldi ve BoJ\u2019un hedefinin \u00fczerinde kalarak bankan\u0131n ad\u0131m atmas\u0131 y\u00f6n\u00fcndeki bask\u0131y\u0131 art\u0131rd\u0131. Parite 156,50\u2019ye yeniden t\u0131rman\u0131rken, piyasa Haziran 2026 toplant\u0131s\u0131nda faiz art\u0131\u015f\u0131n\u0131 neredeyse kesin g\u00f6r\u00fcyor.<\/p>\n
T\u00fcrev \u00fcr\u00fcn (de\u011feri d\u00f6viz kuru gibi bir dayanak varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in bu, ani m\u00fcdahale ihtimalinden \u00e7ok planl\u0131 bir politika de\u011fi\u015fimine g\u00f6re pozisyon alma d\u00f6nemine i\u015faret ediyor. 2025\u2019te m\u00fcdahaleye kar\u015f\u0131 iyi bir korunma y\u00f6ntemi, USD\/JPY\u2019de \u201cout-of-the-money\u201d (kullan\u0131m fiyat\u0131 mevcut piyasa fiyat\u0131n\u0131n d\u0131\u015f\u0131nda kalan, yani \u015fu an k\u00e2ra ge\u00e7memi\u015f) put (kur d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 sa\u011flayan sat\u0131m opsiyonu) almakt\u0131. \u015eimdi stratejinin, BoJ\u2019un Haziran toplant\u0131s\u0131 etraf\u0131ndaki fiyat hareketine odaklanmas\u0131 \u00f6ne \u00e7\u0131k\u0131yor. Yat\u0131r\u0131mc\u0131lar\u0131n, Haziran sonuna vadeli straddle veya strangle (ayn\u0131 vadede al\u0131m ve sat\u0131m opsiyonu birlikte; straddle\u2019da ayn\u0131 kullan\u0131m fiyat\u0131, strangle\u2019da farkl\u0131 kullan\u0131m fiyatlar\u0131) gibi opsiyon stratejileriyle, karar haftas\u0131nda beklenen y\u00fcksek oynakl\u0131\u011f\u0131 hedeflemesi de\u011ferlendirilebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kritik e\u015fik yine masada: USD\/JPY 159\u2019a t\u0131rmand\u0131; ABD-\u0130ran gerilimi Dolar\u2019\u0131 destekledi, BoJ temkinli. Yetkililer m\u00fcdahale sinyali verirken, odak Haziran 2026 faiz art\u0131\u015f\u0131 ve opsiyon volatilitesine kay\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-44979","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\/44979","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=44979"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44979\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}