{"id":46589,"date":"2026-05-13T11:57:17","date_gmt":"2026-05-13T11:57:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/usd-jpy-faiz-farki-ve-mudahale-risklerinin-oynakligi-artirmasiyla-15795in-altinda-yukselisi-hedefliyor\/"},"modified":"2026-05-13T11:57:17","modified_gmt":"2026-05-13T11:57:17","slug":"usd-jpy-faiz-farki-ve-mudahale-risklerinin-oynakligi-artirmasiyla-15795in-altinda-yukselisi-hedefliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/usd-jpy-faiz-farki-ve-mudahale-risklerinin-oynakligi-artirmasiyla-15795in-altinda-yukselisi-hedefliyor\/","title":{"rendered":"USD\/JPY, Faiz Fark\u0131 ve M\u00fcdahale Risklerinin Oynakl\u0131\u011f\u0131 Art\u0131rmas\u0131yla 157,95\u2019in Alt\u0131nda Y\u00fckseli\u015fi Hedefliyor"},"content":{"rendered":"<p>USD\/JPY dalgal\u0131 seyretti: 157,76\u2019ya y\u00fckseldi, k\u0131sa s\u00fcreli\u011fine 157,04\u2019e indi ve g\u00fcn\u00fc 157,61\u2019den kapatt\u0131. \u00d6nceki kapan\u0131\u015f 157,16 olarak verilmi\u015fti; %0,33 y\u00fckseli\u015f. Son seans ise %0,29 art\u0131da tamamland\u0131.<\/p>\n<p>\u00d6n\u00fcm\u00fczdeki 24 saatte parite (iki para biriminin birbirine kar\u015f\u0131 de\u011feri) s\u0131n\u0131rl\u0131 y\u00fckseli\u015f g\u00f6sterebilir; ancak 157,95\u2019in alt\u0131nda kalmas\u0131 bekleniyor. K\u0131sa vadeli destek (fiyat\u0131n d\u00fc\u015f\u00fc\u015fte tutunabilece\u011fi seviye) 157,40 ve 157,20\u2019de. 157,00 kritik e\u015fik, 157,15 ise ikincil destek olarak izleniyor.<\/p>\n<p>\u00d6n\u00fcm\u00fczdeki 1\u20133 haftada toparlanman\u0131n 158,30 civar\u0131nda diren\u00e7le (y\u00fckseli\u015fte zorlan\u0131labilecek seviye) kar\u015f\u0131la\u015fmas\u0131 bekleniyor. G\u00f6r\u00fcn\u00fcm\u00fc \u201cyatay bantta dalgalanma\u201dya (belirli bir aral\u0131kta gidip gelme) \u00e7evirecek seviye 156,30.<\/p>\n<p>G\u00fc\u00e7l\u00fc destek seviyesi 156,30\u2019dan 156,70\u2019e revize edildi. Not: \u0130\u00e7erik bir yapay zek\u00e2 arac\u0131yla \u00fcretildi ve edit\u00f6r taraf\u0131ndan g\u00f6zden ge\u00e7irildi.<\/p>\n<p>Ge\u00e7en y\u0131l bu d\u00f6neme (May\u0131s 2025) bak\u0131ld\u0131\u011f\u0131nda USD\/JPY\u2019nin yatay topland\u0131\u011f\u0131 ve 158,30 civar\u0131nda g\u00fc\u00e7l\u00fc diren\u00e7 g\u00f6r\u00fcld\u00fc\u011f\u00fc belirtiliyordu. Bug\u00fcn tablo daha sert: Parite, son haftalardaki y\u00fcksek dalgalanman\u0131n ard\u0131ndan 165,50 civar\u0131nda i\u015flem g\u00f6r\u00fcyor. Ge\u00e7en y\u0131lki temel etkenler daha da g\u00fc\u00e7lenmi\u015f durumda.<\/p>\n<p>Ana itici g\u00fc\u00e7 ABD ile Japonya aras\u0131ndaki faiz fark\u0131 (iki \u00fclkenin politika faizleri aras\u0131ndaki makas); bu fark daha da a\u00e7\u0131ld\u0131. Nisan 2026 ABD T\u00dcFE (T\u00fcketici Fiyat Endeksi: t\u00fcketici enflasyonunu \u00f6l\u00e7er) verisi beklentilerin biraz \u00fczerinde %3,6 geldi. Bu da Fed\u2019in (ABD Merkez Bankas\u0131) yak\u0131n vadede faiz indirimine gitmeyebilece\u011fi g\u00f6r\u00fc\u015f\u00fcn\u00fc g\u00fc\u00e7lendirdi. Buna kar\u015f\u0131l\u0131k BOJ (Japonya Merkez Bankas\u0131) gev\u015fek para politikas\u0131n\u0131 (faizi d\u00fc\u015f\u00fck tutan, piyasay\u0131 destekleyen yakla\u015f\u0131m) s\u00fcrd\u00fcrd\u00fc; bu da yen \u00fczerinde kal\u0131c\u0131 bask\u0131 yarat\u0131yor.<\/p>\n<p>Y\u00fckseli\u015f trendi (genel y\u00f6n\u00fcn yukar\u0131 olmas\u0131) zaman zaman keskin ve ani d\u00fc\u015f\u00fc\u015flerle kesiliyor; 2025\u2019te g\u00f6r\u00fclen harekete benziyor ancak daha b\u00fcy\u00fck \u00f6l\u00e7ekte. Nisan 2026 sonunda Japonya Maliye Bakanl\u0131\u011f\u0131\u2019n\u0131n (kur hareketlerine kar\u015f\u0131 piyasaya d\u00f6viz al\u0131p satarak m\u00fcdahale edebilir) m\u00fcdahale etti\u011fi \u015f\u00fcphesi olu\u015ftu; bu hamle pariteyi 168 \u00fczerinden ge\u00e7ici olarak 162\u2019ye do\u011fru itti. Bunun sonucunda 1 ayl\u0131k ima edilen oynakl\u0131k (opsiyon fiyatlar\u0131n\u0131n ima etti\u011fi beklenen kur dalgalanmas\u0131) yakla\u015f\u0131k %11,5\u2019e s\u0131\u00e7rad\u0131; bu seviye di\u011fer b\u00fcy\u00fck para \u00e7iftlerine k\u0131yasla belirgin \u015fekilde y\u00fcksek.<\/p>\n<p>T\u00fcrev (de\u011feri kur gibi ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal \u00fcr\u00fcn) i\u015flemi yapanlar i\u00e7in bu y\u00fcksek oynakl\u0131k, prim satmay\u0131 cazip k\u0131l\u0131yor. Prim satmak, opsiyon satarak pe\u015fin gelir elde etme stratejisidir; kar\u015f\u0131l\u0131\u011f\u0131nda belirli bir riski \u00fcstlenirsiniz. \u00d6rne\u011fin 161,00 kullan\u0131m fiyat\u0131 (opsiyonun al\u0131m\/sat\u0131m hakk\u0131n\u0131 verdi\u011fi seviye) civar\u0131nda nakit teminatl\u0131 put sat\u0131\u015f\u0131 (fiyat d\u00fc\u015ferse al\u0131m y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc do\u011far; nakit ayr\u0131larak kar\u015f\u0131lan\u0131r) veya put kredi spread\u2019i (daha y\u00fcksek kullan\u0131m fiyatl\u0131 put sat\u0131p daha d\u00fc\u015f\u00fck kullan\u0131m fiyatl\u0131 put alarak riski s\u0131n\u0131rlamak) de\u011ferlendirilebilir. Bu yakla\u015f\u0131m, opsiyon fiyatlar\u0131n\u0131n y\u00fcksek olmas\u0131ndan ve m\u00fcdahale kaynakl\u0131 d\u00fc\u015f\u00fc\u015flerde \u201cd\u00fc\u015f\u00fc\u015fte al\u0131m\u201d talebinin g\u00fc\u00e7lenebilece\u011fi beklentisinden yararlanmay\u0131 hedefler.<\/p>\n<p>Son zirvelerin yeniden test edilece\u011fini d\u00fc\u015f\u00fcnenler i\u00e7in al\u0131m spread\u2019i (call spread: bir al\u0131m opsiyonu al\u0131p daha y\u00fcksek kullan\u0131m fiyatl\u0131 ba\u015fka bir al\u0131m opsiyonu satarak maliyeti d\u00fc\u015f\u00fcrme ve riski s\u0131n\u0131rlama) daha kontroll\u00fc bir kat\u0131l\u0131m yoludur. \u00d6rne\u011fin 166,00 kullan\u0131m fiyatl\u0131 al\u0131m opsiyonu al\u0131p 168,00 kullan\u0131m fiyatl\u0131 al\u0131m opsiyonu satmak, m\u00fcdahale \u00f6ncesi zirveye do\u011fru hareketi hedefler. Bu yap\u0131, y\u00fcksek oynakl\u0131k ortam\u0131nda i\u015flem maliyetini d\u00fc\u015f\u00fcrmeye yard\u0131mc\u0131 olur.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY\u2019de dalga bitmiyor: 157,61 kapan\u0131\u015fla %0,33 y\u00fckseli\u015f. 24 saatte 157,95 alt\u0131nda s\u0131n\u0131rl\u0131 yukar\u0131; destek 157,40-157,20, kritik 157,00. 1-3 haftada 158,30 diren\u00e7; faiz fark\u0131, m\u00fcdahale ve %11,5 oynakl\u0131k opsiyon stratejilerini \u00f6ne \u00e7\u0131kar\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-46589","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\/46589","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=46589"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46589\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}