Japonya CFTC verileri, JPY ticari olmayan net pozisyonlar\u0131n \u00a5-102,1 bin seviyesinden \u00a5-61,7 bine geldi\u011fini g\u00f6sterdi.<\/p>\n
Net pozisyon h\u00e2l\u00e2 negatif (yani spek\u00fclat\u00f6rler genel olarak yende d\u00fc\u015f\u00fc\u015f y\u00f6n\u00fcnde pozisyon ta\u015f\u0131yor), ancak \u00f6nceki veriye g\u00f6re negatiflik azald\u0131.<\/p>\n
Japon Yeni\u2019ne kar\u015f\u0131 d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc bahislerde belirgin bir azalma g\u00f6r\u00fcl\u00fcyor. Net k\u0131sa pozisyonlar (k\u0131sa pozisyon: fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden k\u00e2r etmeyi hedefleyen i\u015flem) yakla\u015f\u0131k %40 darald\u0131. Bu, 2025\u2019in d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finden bu yana haftal\u0131k bazda g\u00f6r\u00fclen en sert duygu de\u011fi\u015fimine i\u015faret ediyor. Bu tablo, b\u00fcy\u00fck spek\u00fclat\u00f6rlerin zay\u0131f yen senaryosundan kazan\u00e7 sa\u011flayan i\u015flemlerini h\u0131zla kapatt\u0131\u011f\u0131n\u0131 (pozisyon kapatma: a\u00e7\u0131k i\u015flemi ters i\u015flemle sonland\u0131rma) d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.<\/p>\n
Bu de\u011fi\u015fim, Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) son a\u00e7\u0131klamalar\u0131nda yen zay\u0131fl\u0131\u011f\u0131yla m\u00fccadele konusunda daha net bir duru\u015f sergilemesiyle birlikte geldi. Bu durum, ilave \u201cpara politikas\u0131nda s\u0131k\u0131la\u015fma\u201d (s\u0131k\u0131la\u015fma: faiz art\u0131r\u0131m\u0131 veya piyasaya verilen paran\u0131n azalt\u0131lmas\u0131 gibi ad\u0131mlarla finansal ko\u015fullar\u0131 zorla\u015ft\u0131rma) beklentilerini art\u0131r\u0131yor. Nisan 2026 i\u00e7in a\u00e7\u0131klanan Japonya \u00e7ekirdek enflasyonu (\u00e7ekirdek enflasyon: oynak kalemler, genelde enerji ve taze g\u0131da gibi, hari\u00e7 tutularak hesaplanan enflasyon) %2,7\u2019de kald\u0131 ve bu da merkez bankas\u0131n\u0131n ad\u0131m atmas\u0131 y\u00f6n\u00fcndeki bask\u0131y\u0131 canl\u0131 tutuyor. Ayn\u0131 zamanda ABD\u2019den gelen son veriler ekonomik h\u0131zda s\u0131n\u0131rl\u0131 bir yava\u015flamaya i\u015faret ederek dolar\u0131n g\u00fcc\u00fcn\u00fc bir miktar zay\u0131flatt\u0131.<\/p>\n
Grafiklere bak\u0131ld\u0131\u011f\u0131nda, bu duygu de\u011fi\u015fimi USD\/JPY\u2019nin 165 seviyesinin \u00fczerinde kal\u0131c\u0131 olamamas\u0131yla \u00f6rt\u00fc\u015f\u00fcyor. 165 seviyesi \u201cpsikolojik diren\u00e7\u201d (psikolojik diren\u00e7: yat\u0131r\u0131mc\u0131lar\u0131n yuvarlak ya da \u00f6nemli g\u00f6rd\u00fc\u011f\u00fc seviyelerde sat\u0131\u015f e\u011filiminin artmas\u0131) olarak izleniyor. Ekim 2025\u2019te de benzer \u015fekilde spek\u00fclat\u00f6rler k\u0131sa pozisyonlar\u0131n\u0131 kapatm\u0131\u015f, yetkililerin g\u00fc\u00e7l\u00fc uyar\u0131lar\u0131 \u00f6ncesinde bu hareket g\u00f6r\u00fclm\u00fc\u015ft\u00fc. O d\u00f6nem yen h\u0131zl\u0131, ancak ge\u00e7ici bir g\u00fc\u00e7lenme ya\u015fam\u0131\u015ft\u0131.<\/p>\n
\u201cT\u00fcrev \u00fcr\u00fcn\u201d (t\u00fcrev \u00fcr\u00fcn: de\u011feri d\u00f6viz kuru gibi bir varl\u0131\u011fa ba\u011fl\u0131 olan s\u00f6zle\u015fmeler; \u00f6rnek: vadeli i\u015flemler ve opsiyonlar) i\u015flemi yapanlar i\u00e7in bu ortam, yende ani bir y\u00fckseli\u015f ve \u201cshort squeeze\u201d (short squeeze: \u00e7ok say\u0131da k\u0131sa pozisyonun stoplan\u0131p kapanmas\u0131yla fiyat\u0131n h\u0131zla yukar\u0131 gitmesi) riskinin belirgin \u015fekilde artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu nedenle vadeli i\u015flem (futures: gelecekte belirli fiyattan al\u0131m-sat\u0131m taahh\u00fcd\u00fc i\u00e7eren s\u00f6zle\u015fme) veya opsiyon (opsiyon: belirli tarihe kadar alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) \u00fczerinden yen k\u0131sa pozisyonu ta\u015f\u0131mak daha riskli hale geliyor. \u00d6n\u00fcm\u00fczdeki haftalarda vadesi dolacak JPY al\u0131m opsiyonu (call: y\u00fckseli\u015ften faydalanan opsiyon) veya USD\/JPY sat\u0131m opsiyonu (put: d\u00fc\u015f\u00fc\u015ften faydalanan opsiyon) almak, olas\u0131 bir politika s\u00fcrprizi ya da piyasaya m\u00fcdahale ihtimaline kar\u015f\u0131 planl\u0131 bir yakla\u015f\u0131m olabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Yen cephesinde r\u00fczg\u00e2r d\u00f6n\u00fcyor: CFTC\u2019ye g\u00f6re spek\u00fclat\u00f6rlerin JPY net k\u0131sa pozisyonu -102,1 binden -61,7 bine indi. BoJ\u2019un \u015fahin tonu ve USD\/JPY\u2019de 165 direnci, short squeeze riskini art\u0131r\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-46504","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\/46504","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=46504"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}