USD\/JPY Per\u015fembe g\u00fcn\u00fc 160,73\u2019\u00fc g\u00f6rd\u00fckten sonra 159,50 civar\u0131nda i\u015flem g\u00f6rd\u00fc ve g\u00fcn\u00fc %0,59 d\u00fc\u015f\u00fc\u015fle s\u00fcrd\u00fcr\u00fcyor. Bu seviye, parite geri \u00e7ekilmeden \u00f6nce Temmuz 2024\u2019ten bu yana g\u00f6r\u00fclen en y\u00fcksek d\u00fczeydi.<\/p>\n
D\u00fc\u015f\u00fc\u015f, Japon yetkililerin d\u00f6viz piyasas\u0131nda olas\u0131 m\u00fcdahaleye (Merkez Bankas\u0131\/Hazine\u2019nin kurdaki a\u015f\u0131r\u0131 hareketi durdurmak i\u00e7in al\u0131m-sat\u0131m yapmas\u0131) dair uyar\u0131lar\u0131n\u0131 sertle\u015ftirmesinin ard\u0131ndan geldi. Japonya Maliye Bakan\u0131 Satsuki Katayama, \u00fclkenin kararl\u0131 ad\u0131mlar atmaya yakla\u015ft\u0131\u011f\u0131n\u0131 s\u00f6yledi; bu a\u00e7\u0131klama yeni destekledi.<\/p>\n
Daha \u00f6nceki y\u00fckseli\u015f, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faizleri sabit b\u0131rakmas\u0131n\u0131n ard\u0131ndan dolar\u0131n genel g\u00fc\u00e7lenmesinden kaynakland\u0131. Fed\u2019in daha \u201c\u015fahin\u201d (faizleri uzun s\u00fcre y\u00fcksek tutmaya daha yatk\u0131n) mesaj\u0131 ve kurul i\u00e7indeki g\u00f6r\u00fc\u015f ayr\u0131l\u0131klar\u0131, piyasan\u0131n faiz indirimi beklentilerini azaltmas\u0131na yol a\u00e7t\u0131; bu da ABD Hazine tahvili getirilerini (tahvil faizi) yukar\u0131 itti.<\/p>\n
160,00\u2019\u0131n \u00fczeri hareket, m\u00fcdahale riskini yeniden \u00f6ne \u00e7\u0131kard\u0131; bu seviye Japon yetkililerin savunabilece\u011fi bir e\u015fik olarak g\u00f6r\u00fcl\u00fcyor. Yenilenen uyar\u0131lar, g\u00fcn i\u00e7i zirveden h\u0131zl\u0131 geri \u00e7ekilmeyi h\u0131zland\u0131rd\u0131.<\/p>\n
T\u00fcrev \u00fcr\u00fcn (de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal ara\u00e7) i\u015flemi yapanlar i\u00e7in bu, as\u0131l konunun y\u00f6n de\u011fil dalgalanma (volatilite: fiyat\u0131n k\u0131sa s\u00fcrede ne kadar oynad\u0131\u011f\u0131) oldu\u011fu anlam\u0131na geliyor. USD\/JPY opsiyonlar\u0131nda ima edilen volatilite (opsiyon fiyatlar\u0131n\u0131n yans\u0131tt\u0131\u011f\u0131 beklenen oynakl\u0131k) bu uzun y\u0131llar\u0131n zirveleri test edilirken artabilir; bu da prim sat\u0131\u015f\u0131 (opsiyon yazarak prim geliri elde etme) f\u0131rsat\u0131 yarat\u0131r. Kullan\u0131m fiyat\u0131 mevcut seviyenin \u00fczerinde olan al\u0131m opsiyonlar\u0131 (out-of-the-money call: \u015fu an k\u00e2rda olmayan al\u0131m opsiyonu) satmak veya \u00f6nemli diren\u00e7lerin \u00fczerinde al\u0131m spread\u2019i (call spread: bir al\u0131m opsiyonu al\u0131p daha yukar\u0131 kullan\u0131m fiyatl\u0131 ba\u015fka bir al\u0131m opsiyonu satarak maliyeti azaltan yap\u0131) kurmak; piyasan\u0131n m\u00fcdahale endi\u015fesiyle y\u00fckseli\u015fin s\u0131n\u0131rlanaca\u011f\u0131 beklentisinden yararlanmak i\u00e7in uygulanabilir bir stratejidir.<\/p>\n
Di\u011fer yandan, ani d\u00fc\u015f\u00fc\u015f riski nedeniyle ucuz, kullan\u0131m fiyat\u0131 a\u015fa\u011f\u0131da olan sat\u0131m opsiyonlar\u0131 (out-of-the-money put: \u015fu an k\u00e2rda olmayan sat\u0131m opsiyonu) uzun pozisyonlar i\u00e7in ak\u0131ll\u0131 bir korunma (hedge: riski azaltma) arac\u0131 olabilir. M\u00fcdahaleler saatler i\u00e7inde birka\u00e7 yenlik (kurda \u00e7ok h\u0131zl\u0131 ve b\u00fcy\u00fck) d\u00fc\u015f\u00fc\u015flere yol a\u00e7abildi\u011fi i\u00e7in bu put\u2019lar k\u0131sa s\u00fcrede de\u011fer kazanabilir. Risk reversal gibi yap\u0131lar (risk reversal: bir put al\u0131p bir call satarak kurulan, y\u00f6n pozisyonunu korurken riski s\u0131n\u0131rlayan strateji) ise y\u00fckseli\u015f trendine maruz kalmay\u0131 s\u00fcrd\u00fcr\u00fcrken sert d\u00fc\u015f\u00fc\u015f riskini daha kontroll\u00fc hale getirir.<\/p>\n","protected":false},"excerpt":{"rendered":"
USD\/JPY 160,73\u2019ten 159,50\u2019ye \u00e7ekildi: Japonya\u2019n\u0131n sertle\u015fen m\u00fcdahale sinyali piyasay\u0131 frenledi. Fed\u2019in \u015fahin tonu dolar desteklerken, odak y\u00f6n de\u011fil volatilite; opsiyonlarda prim sat\u0131\u015f\u0131 ve put\u2019la hedge \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-45851","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\/45851","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=45851"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45851\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}