Japonya\u2019n\u0131n mevsimsel etkilerden ar\u0131nd\u0131r\u0131lmam\u0131\u015f cari i\u015flemler dengesi Mart\u2019ta 4.682 milyar yen oldu. Bu rakam, 3.879 milyar yenlik beklentinin alt\u0131nda kald\u0131.<\/p>\n
Raporda 4.682 milyar yenlik ger\u00e7ekle\u015fme, 3.879 milyar yenlik tahminle kar\u015f\u0131la\u015ft\u0131r\u0131l\u0131yor. Veri Mart ay\u0131na ait.<\/p>\n
Mart ay\u0131ndaki beklenenden \u00e7ok daha y\u00fcksek cari fazla, Japon yeni i\u00e7in temel olarak g\u00fc\u00e7lenme sinyali verir. Cari fazla, bir \u00fclkeye giren d\u00f6viz ve gelirlerin \u00e7\u0131kanlardan fazla olmas\u0131d\u0131r. 4,682 trilyon yenlik fazla, \u00fclkeye net para giri\u015fi oldu\u011funu g\u00f6sterir. Bu durum, son iki y\u0131ld\u0131r \u00f6ne \u00e7\u0131kan \u201cyen s\u00fcrekli zay\u0131f kalacak\u201d beklentisini zay\u0131flat\u0131r.<\/p>\n
Bu tabloda USD\/JPY\u2019nin geri \u00e7ekilmesinden (dolar\/yenin d\u00fc\u015fmesinden) kazan\u00e7 sa\u011flamay\u0131 hedefleyen t\u00fcrev \u00fcr\u00fcn stratejileri (de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal \u00fcr\u00fcnler) g\u00fcndeme gelebilir. Parite 165\u2019in \u00fczerini test ettikten sonra, USD\/JPY\u2019de put opsiyonu almak (fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 sa\u011flayan opsiyon) veya kullan\u0131m fiyat\u0131 daha yukar\u0131da olan call opsiyonlar\u0131n\u0131 satmak (belirli bir seviyenin \u00fczerine \u00e7\u0131kmayaca\u011f\u0131 beklentisiyle) geri \u00e7ekilmeye kar\u015f\u0131 pozisyon almak i\u00e7in kullan\u0131labilir. \u0130ma edilen oynakl\u0131k (opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) veri sonras\u0131 artabilir. Bu da opsiyon sat\u0131\u015f\u0131 gibi stratejileri daha cazip hale getirebilir.<\/p>\n
G\u00fc\u00e7l\u00fc veri, Japonya Merkez Bankas\u0131 (BoJ) \u00fczerinde para politikas\u0131n\u0131 normalle\u015ftirme y\u00f6n\u00fcnde bask\u0131y\u0131 art\u0131r\u0131r. Normalle\u015fme; \u00e7ok d\u00fc\u015f\u00fck faiz ve yo\u011fun destek ad\u0131mlar\u0131n\u0131n kademeli olarak geri al\u0131nmas\u0131 demektir. BoJ 2024 ba\u015f\u0131nda negatif faiz politikas\u0131n\u0131 sonland\u0131rm\u0131\u015ft\u0131. Bu t\u00fcr veriler yeni bir faiz art\u0131\u015f\u0131n\u0131n daha erken gelmesine yol a\u00e7abilir. Faiz swaplar\u0131nda (taraflar\u0131n gelecekteki faiz \u00f6demelerini takas etti\u011fi s\u00f6zle\u015fmeler) i\u015flem yapanlar, y\u0131l\u0131n ikinci yar\u0131s\u0131nda daha s\u0131k\u0131 para politikas\u0131n\u0131n (faiz art\u0131\u015f\u0131na daha yak\u0131n duru\u015fun) fiyatlamaya girmesini dikkate alabilir.<\/p>\n
G\u00fc\u00e7l\u00fc yen, genelde Japon hisseleri i\u00e7in olumsuzdur; \u00e7\u00fcnk\u00fc ihracat\u00e7\u0131 \u015firketlerin yurt d\u0131\u015f\u0131 gelirleri yene \u00e7evrildi\u011finde daha d\u00fc\u015f\u00fck g\u00f6r\u00fcn\u00fcr. Nikkei 225 bu y\u0131l %15\u2019in \u00fczerinde y\u00fckseldi; bunda zay\u0131f para biriminin deste\u011fi vard\u0131.<\/p>\n
Bu nedenle yenin kal\u0131c\u0131 bi\u00e7imde de\u011fer kazanmas\u0131 halinde endekste y\u00fckseli\u015fin zorla\u015fmas\u0131na kar\u015f\u0131 Nikkei 225\u2019te put opsiyonu almak, bir korunma (hedge) veya d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc yat\u0131r\u0131m fikri olarak de\u011ferlendirilebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz cari fazla! Japonya\u2019n\u0131n Mart cari i\u015flemler fazlas\u0131 4,682 trilyon yenle beklentiyi a\u015ft\u0131; yen i\u00e7in g\u00fc\u00e7lenme, USD\/JPY\u2019de geri \u00e7ekilme ve BoJ normalle\u015fme bask\u0131s\u0131 \u00f6ne \u00e7\u0131kt\u0131. Nikkei\u2019de hedge g\u00fcndemde.<\/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-46559","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\/46559","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=46559"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46559\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}