{"id":46726,"date":"2026-05-15T04:21:20","date_gmt":"2026-05-15T04:21:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/fed-faiz-artirimi-beklentileri-artarken-yen-deger-kaybediyor\/"},"modified":"2026-05-15T04:21:20","modified_gmt":"2026-05-15T04:21:20","slug":"fed-faiz-artirimi-beklentileri-artarken-yen-deger-kaybediyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/fed-faiz-artirimi-beklentileri-artarken-yen-deger-kaybediyor\/","title":{"rendered":"Fed Faiz Art\u0131r\u0131m\u0131 Beklentileri Artarken Yen De\u011fer Kaybediyor"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/Yen7-1024x573.webp\" alt=\"\" class=\"wp-image-45546\"\/><\/figure>\n\n\n\n<p><strong>\u00d6ne \u00c7\u0131kanlar<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USD\/JPY <strong>158,467<\/strong> seviyesinde i\u015flem g\u00f6rd\u00fc; <strong>0,085<\/strong> puan (%<strong>0,05<\/strong>) y\u00fckseldi. G\u00fcn i\u00e7i zirve <strong>158,580<\/strong> oldu.<\/li>\n\n\n\n<li>Yen, dolar kar\u015f\u0131s\u0131nda <strong>158,5<\/strong> seviyesine zay\u0131flad\u0131; haftal\u0131k kay\u0131p %<strong>1<\/strong>\u2019i a\u015ft\u0131.<\/li>\n\n\n\n<li>Piyasalar, Fed\u2019in <strong>Aral\u0131k<\/strong>ta faiz art\u0131rma olas\u0131l\u0131\u011f\u0131n\u0131 %<strong>44<\/strong> olarak fiyatl\u0131yor (bir hafta \u00f6nce %<strong>22,5<\/strong>).<\/li>\n\n\n\n<li>Japonya\u2019da toptan enflasyon, Nisan\u2019da y\u0131ll\u0131k %<strong>4,9<\/strong> artt\u0131; %<strong>3,0<\/strong> beklentisini a\u015ft\u0131 ve Mart\u2019taki %<strong>2,9<\/strong>\u2019un \u00fczerine \u00e7\u0131kt\u0131.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Japon yeni, Cuma g\u00fcn\u00fc dolar ba\u015f\u0131na <strong>158,5<\/strong> civar\u0131na zay\u0131flad\u0131; b\u00f6ylece haftal\u0131k kayb\u0131 %<strong>1<\/strong>\u2019in \u00fczerine \u00e7\u0131kma yoluna girdi. Dolar\u0131n genel g\u00fc\u00e7lenmesi, yat\u0131r\u0131mc\u0131lar\u0131n ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) bu y\u0131l\u0131n ilerleyen d\u00f6neminde faizi art\u0131rma ihtimalini daha y\u00fcksek g\u00f6rmesiyle yen \u00fczerinde yeniden bask\u0131 kurdu.<\/p>\n\n\n\n<p>USD\/JPY, <strong>05\/15 05:54:53 GMT+3<\/strong> itibar\u0131yla <strong>158,467<\/strong> seviyesinde; <strong>0,085<\/strong> puan (%<strong>0,05<\/strong>) art\u0131da i\u015flem g\u00f6rd\u00fc. G\u00fcn i\u00e7i zirve <strong>158,580<\/strong>, dip <strong>158,230<\/strong>; a\u00e7\u0131l\u0131\u015f <strong>158,343<\/strong>, kapan\u0131\u015f <strong>158,382<\/strong> oldu.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Currency traders are increasingly alert to the risk of further market intervention by Japan following a 1% slide in the yen this week that has pushed it to 158 per dollar <a href=\"https:\/\/t.co\/Z1dLsnWFwx\">https:\/\/t.co\/Z1dLsnWFwx<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2055101403110965747?ref_src=twsrc%5Etfw\">May 15, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Dolar, ABD enflasyon verileri ve g\u00fc\u00e7l\u00fc gelen ekonomik aktivite g\u00f6stergelerinden destek buldu. Dolar, <strong>iki aydan<\/strong> uzun s\u00fcrenin en g\u00fc\u00e7l\u00fc haftal\u0131k y\u00fckseli\u015fine y\u00f6nelirken; piyasalar Fed\u2019in <strong>Aral\u0131k<\/strong>ta faiz art\u0131rma olas\u0131l\u0131\u011f\u0131n\u0131 yakla\u015f\u0131k %<strong>44<\/strong> olarak g\u00f6r\u00fcyor (bir hafta \u00f6nce %<strong>22,5<\/strong>). Ayn\u0131 haber ak\u0131\u015f\u0131nda, m\u00fcdahale (kamu otoritesinin kurdaki a\u015f\u0131r\u0131 hareketi s\u0131n\u0131rlamak i\u00e7in piyasaya d\u00f6viz al\u0131m-sat\u0131m\u0131yla girmesi) endi\u015feleri yeniden g\u00fcndeme gelirken yenin dolar kar\u015f\u0131s\u0131nda <strong>158,45<\/strong> civar\u0131nda oldu\u011fu belirtildi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ABD Enflasyonu Faiz Fark\u0131n\u0131 Yeniden A\u00e7t\u0131<\/h2>\n\n\n\n<p>ABD\u2019de y\u00fcksek enflasyon, d\u00f6viz piyasas\u0131nda (FX: farkl\u0131 \u00fclkelerin para birimlerinin al\u0131n\u0131p sat\u0131ld\u0131\u011f\u0131 piyasa) oda\u011f\u0131 yeniden dolara \u00e7evirdi. \u0130ran sava\u015f\u0131yla ba\u011flant\u0131l\u0131 enerji maliyetleri ve ta\u015f\u0131mac\u0131l\u0131ktaki aksakl\u0131klar fiyat bask\u0131s\u0131n\u0131 art\u0131r\u0131rken; i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131n\u0131n (i\u015fsiz kalanlar\u0131n yapt\u0131\u011f\u0131 haftal\u0131k ba\u015fvuru verisi) istikrarl\u0131 seyretmesi ve perakende sat\u0131\u015flar\u0131n g\u00fc\u00e7lenmesi, ekonominin daha s\u0131k\u0131 para politikas\u0131n\u0131 (faizleri art\u0131rarak talebi so\u011futma) bir s\u00fcre daha kald\u0131rabildi\u011fine i\u015faret ediyor.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US weekly jobless claims increase moderately, labor market remains stable <a href=\"https:\/\/t.co\/2XyNL8eSt5\">https:\/\/t.co\/2XyNL8eSt5<\/a> <a href=\"https:\/\/t.co\/2XyNL8eSt5\">https:\/\/t.co\/2XyNL8eSt5<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2055080739587215773?ref_src=twsrc%5Etfw\">May 15, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Bu tablo yeni zay\u0131flat\u0131yor. Fed\u2019in daha yukar\u0131da kalan faiz patikas\u0131 (faizlerin gelecekte izlemesi beklenen y\u00f6n), ABD tahvil getirilerini (yield: tahvilin faiz\/geri d\u00f6n\u00fc\u015f oran\u0131) cazip tutarken; Japonya daha temkinli bir politika \u00e7izgisinde kal\u0131yor. Faiz fark\u0131 (iki \u00fclkenin faizleri aras\u0131ndaki fark) ne kadar geni\u015f g\u00f6r\u00fcn\u00fcrse, yat\u0131r\u0131mc\u0131lar geri \u00e7ekilmelerde USD\/JPY al\u0131m\u0131na daha istekli oluyor.<\/p>\n\n\n\n<p>Yen, <strong>30 Nisan<\/strong>\u2019da ba\u015flayan ve h\u00fck\u00fcmetin birka\u00e7 kez devreye girdi\u011fi m\u00fcdahalelerle olu\u015fan kazan\u0131mlar\u0131n yakla\u015f\u0131k yar\u0131s\u0131n\u0131 geri verdi. Bu g\u00f6r\u00fcn\u00fcm, m\u00fcdahalenin yenin de\u011fer kayb\u0131n\u0131 yava\u015flatabildi\u011fini; ancak ABD verileri dolar\u0131 destekledik\u00e7e faiz fark\u0131n\u0131n pariteyi yeniden yukar\u0131 \u00e7ekebildi\u011fini g\u00f6steriyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Petrol \u015eoku Japonya \u00dczerindeki Bask\u0131y\u0131 Art\u0131r\u0131yor<\/h2>\n\n\n\n<p>Kal\u0131c\u0131 y\u00fcksek petrol fiyatlar\u0131 bask\u0131y\u0131 b\u00fcy\u00fct\u00fcyor. Japonya enerjide ithalata ba\u011f\u0131ml\u0131 oldu\u011fu i\u00e7in Ortado\u011fu\u2019daki uzun s\u00fcren gerilim; ithalat maliyetlerini art\u0131rarak, d\u0131\u015f ticaret ko\u015fullar\u0131n\u0131 bozarak ve \u00fclke i\u00e7i enflasyonu y\u00fckselterek yeni zay\u0131flatabiliyor.<\/p>\n\n\n\n<p>Japonya\u2019n\u0131n <a href=\"https:\/\/finance.yahoo.com\/economy\/policy\/articles\/japan-april-wholesale-inflation-rate-000151897.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">toptan enflasyon verileri<\/a> bunu net g\u00f6steriyor. Kurumsal Mal Fiyat Endeksi (CGPI: \u015firketlerin birbirine satt\u0131\u011f\u0131 mallar\u0131n fiyatlar\u0131n\u0131 izleyen \u201c\u00fcreticiye yak\u0131n\u201d g\u00f6sterge) Nisan\u2019da y\u0131ll\u0131k %<strong>4,9<\/strong> artt\u0131; %<strong>3,0<\/strong> beklentisini a\u015ft\u0131 ve Mart\u2019taki %<strong>2,9<\/strong>\u2019un \u00fczerine \u00e7\u0131kt\u0131.<\/p>\n\n\n\n<p>Ayl\u0131k bazda (bir \u00f6nceki aya g\u00f6re), toptan fiyatlar %<strong>2,3<\/strong> y\u00fckseldi. Petrol ve k\u00f6m\u00fcr \u00fcr\u00fcnleri %<strong>5,3<\/strong> artarken; naftaya (petrokimya \u00fcretiminde kullan\u0131lan ara ham madde) ba\u011fl\u0131 kimyasal \u00fcr\u00fcnler ge\u00e7en y\u0131la g\u00f6re %<strong>79,4<\/strong> y\u00fckseldi. Yen bazl\u0131 ithalat fiyat endeksi %<strong>17,5<\/strong> artt\u0131; bu, <strong>Aral\u0131k 2022<\/strong>\u2019den beri en sert y\u00fckseli\u015f.<\/p>\n\n\n\n<p>Bu veriler Japonya Merkez Bankas\u0131 (BoJ) i\u00e7in bask\u0131y\u0131 art\u0131r\u0131yor. Zay\u0131f yen ve pahal\u0131 enerji, ithal enflasyonu (kur ve d\u0131\u015f fiyatlar yoluyla i\u00e7eri ta\u015f\u0131nan enflasyon) do\u011frudan y\u00fckseltebilir. Bask\u0131 daha geni\u015f \u00fcr\u00fcn ve hizmetlere yay\u0131l\u0131rsa BoJ, politikay\u0131 daha erken s\u0131k\u0131la\u015ft\u0131rmak (faizi art\u0131rmak veya parasal deste\u011fi azaltmak) zorunda kalabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">158-160 Band\u0131nda M\u00fcdahale Riski Yeniden G\u00fcndemde<\/h2>\n\n\n\n<p>Tokyo\u2019nun m\u00fcdahale ihtimali yeniden odakta. Japon yetkililerin, yenin de\u011fer kayb\u0131n\u0131 yava\u015flatmak i\u00e7in son haftalarda birka\u00e7 kez piyasaya girdi\u011fi d\u00fc\u015f\u00fcn\u00fcl\u00fcyor. ABD Hazine Bakan\u0131 Scott Bessent de Japonya\u2019n\u0131n kuru istikrara kavu\u015fturmaya d\u00f6n\u00fck ad\u0131mlar\u0131na destek verdi. Piyasa bunu, Washington\u2019un Tokyo\u2019nun hamlelerine kar\u015f\u0131 \u00e7\u0131kmad\u0131\u011f\u0131 \u015feklinde okudu.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Japan\u2019s foreign currency reserves at the end of April were largely unchanged from the previous month, likely an indication that currency intervention came too close to the end of the month to be reflected in the data <a href=\"https:\/\/t.co\/pSNfljmaTC\">https:\/\/t.co\/pSNfljmaTC<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2054001118569455848?ref_src=twsrc%5Etfw\">May 12, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Bu destek alg\u0131 a\u00e7\u0131s\u0131ndan \u00f6nemli; ancak yenin kal\u0131c\u0131 g\u00fc\u00e7lenece\u011fi anlam\u0131na gelmiyor. Japonya\u2019n\u0131n ne s\u0131kl\u0131kta m\u00fcdahale edebilece\u011fine dair sabit bir s\u0131n\u0131r yok ve ABD\u2019li yetkililerle g\u00fcnl\u00fck temas s\u00fcr\u00fcyor. Ayr\u0131ca d\u00f6viz stratejistlerinin g\u00f6r\u00fc\u015f\u00fcne g\u00f6re, tek ba\u015f\u0131na yap\u0131lan m\u00fcdahale (sadece Japonya\u2019n\u0131n piyasaya girmesi) koordineli ad\u0131ma g\u00f6re daha zay\u0131f kalabiliyor; \u00f6zellikle ABD, yen zay\u0131fl\u0131\u011f\u0131n\u0131 spek\u00fclasyondan (k\u0131sa vadeli al-sat) \u00e7ok BoJ\u2019un yava\u015f faiz art\u0131r\u0131m\u0131na ba\u011fl\u0131 g\u00f6r\u00fcrse.<\/p>\n\n\n\n<p>Temkinli beklenti, USD\/JPY <strong>160<\/strong> b\u00f6lgesine yakla\u015ft\u0131k\u00e7a m\u00fcdahale riskinin artaca\u011f\u0131 y\u00f6n\u00fcnde. Tokyo\u2019nun yeniden devreye girmesi halinde yenin k\u0131sa s\u00fcrede de\u011fer kazanmas\u0131 m\u00fcmk\u00fcn. Ancak ABD tahvil getirileri d\u00fc\u015fmez veya BoJ daha net bir s\u0131k\u0131la\u015fma sinyali vermezse parite h\u0131zl\u0131 toparlanabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BoJ\u2019dan Faiz Art\u0131\u015f\u0131 Sinyalleri G\u00fc\u00e7leniyor<\/h2>\n\n\n\n<p>BoJ Y\u00f6netim Kurulu \u00fcyesi Kazuyuki Masu, ekonomide belirgin bir yava\u015flama i\u015fareti yoksa faizlerin m\u00fcmk\u00fcn olan en k\u0131sa s\u00fcrede art\u0131r\u0131lmas\u0131 gerekti\u011fini s\u00f6yledi. Bu a\u00e7\u0131klama, enerji kaynakl\u0131 enflasyon kal\u0131c\u0131 hale geldik\u00e7e karar al\u0131c\u0131lar \u00fczerindeki bask\u0131y\u0131 art\u0131r\u0131yor.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A Bank of Japan board member called for rates to be increased as soon as possible provided there is no indication of the economy running into trouble, citing more enduring inflationary risks from the war in Iran <a href=\"https:\/\/t.co\/wAMjZDnsPn\">https:\/\/t.co\/wAMjZDnsPn<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2054781791479763130?ref_src=twsrc%5Etfw\">May 14, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>BoJ \u00fcyeleri, \u0130ran sava\u015f\u0131n\u0131n enerji \u015fokunu uzatmas\u0131 halinde faiz art\u0131r\u0131m\u0131 ihtiyac\u0131n\u0131 zaten tart\u0131\u015f\u0131yordu. Risk senaryosunda (olumsuz ko\u015ful varsay\u0131m\u0131) y\u00fcksek petrol fiyatlar\u0131 ve daha zay\u0131f yen alt\u0131nda BoJ, \u00e7ekirdek enflasyonun (g\u0131da ve enerji gibi oynak kalemler hari\u00e7 enflasyon) <strong>iki y\u0131l<\/strong> \u00fcst \u00fcste %<strong>3<\/strong> civar\u0131nda kalaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor.<\/p>\n\n\n\n<p>Bu durum, faiz art\u0131r\u0131m\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 masada tutuyor. Japonya\u2019da fiyat verileri h\u0131zlan\u0131r ve yen daha da zay\u0131flarsa BoJ, enflasyon beklentileri (hanehalk\u0131 ve \u015firketlerin gelecekteki enflasyon tahmini) y\u00fckselmeden ad\u0131m atmak zorunda kalabilir. BoJ\u2019un daha \u201c\u015fahin\u201d bir duru\u015fa (faiz art\u0131rmaya daha yak\u0131n bir \u00e7izgi) kaymas\u0131 USD\/JPY\u2019de y\u00fckseli\u015fi s\u0131n\u0131rlar; ancak yat\u0131r\u0131mc\u0131lar, sert sat\u0131\u015f i\u00e7in s\u00f6zl\u00fc uyar\u0131dan fazlas\u0131n\u0131 g\u00f6rmek isteyebilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Teknik Analiz<\/h2>\n\n\n\n<p>USDJPY, <strong>160,71<\/strong> zirvesinden gelen sert sat\u0131\u015f\u0131n ard\u0131ndan toparlanmaya \u00e7al\u0131\u015f\u0131yor. Parite <strong>158,47<\/strong> civar\u0131nda; al\u0131c\u0131lar k\u0131sa vadeli momentumu (fiyat\u0131n ivmesi) kademeli bi\u00e7imde geri kazan\u0131yor. Bu toparlanma, May\u0131s ba\u015f\u0131ndaki sert dalgalanma sonras\u0131 piyasan\u0131n dengelenmeye ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor; ancak parite h\u00e2l\u00e2 son zirvelerin alt\u0131nda.<\/p>\n\n\n\n<p>Teknik g\u00f6r\u00fcn\u00fcm k\u0131sa vadede iyile\u015fti:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MA5:<\/strong> 157.91 (5 g\u00fcnl\u00fck hareketli ortalama: son 5 g\u00fcn\u00fcn ortalama fiyat\u0131)<\/li>\n\n\n\n<li><strong>MA10:<\/strong> 157.46 (10 g\u00fcnl\u00fck hareketli ortalama)<\/li>\n\n\n\n<li><strong>MA20:<\/strong> 158.22 (20 g\u00fcnl\u00fck hareketli ortalama)<\/li>\n<\/ul>\n\n\n\n<p>K\u0131sa vadeli hareketli ortalamalar (belirli g\u00fcnlerin ortalamas\u0131n\u0131 alarak trendi yumu\u015fatan g\u00f6stergeler) sert d\u00fc\u015f\u00fc\u015f sonras\u0131 yeniden yukar\u0131 d\u00f6nmeye ba\u015flad\u0131. Fiyat, 5 ve 10 g\u00fcnl\u00fck ortalamalar\u0131n \u00fczerine \u00e7\u0131kt\u0131. Bu genelde momentumun toparland\u0131\u011f\u0131n\u0131 g\u00f6sterir; ancak parite <strong>158,20<\/strong> civar\u0131ndaki 20 g\u00fcnl\u00fck ortalama etraf\u0131nda zorlan\u0131yor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/image-20-1024x459.jpg\" alt=\"\" class=\"wp-image-50241\"\/><\/figure>\n\n\n\n<p>\u0130zlenecek seviyeler:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Yak\u0131n destek:<\/strong> 157.50 \u2192 156.40<\/li>\n\n\n\n<li><strong>G\u00fc\u00e7l\u00fc destek:<\/strong> 153.90 \u2192 152.08<\/li>\n\n\n\n<li><strong>Diren\u00e7:<\/strong> 158.80 \u2192 160.70<\/li>\n<\/ul>\n\n\n\n<p><strong>156<\/strong> b\u00f6lgesinden ba\u015flayan son toparlanma daha d\u00fczenli ilerliyor. Al\u0131c\u0131lar, ay\u0131n ba\u015f\u0131ndaki sert \u00e7\u00f6z\u00fclme hareketinden (pozisyon kapama kaynakl\u0131 h\u0131zl\u0131 geri \u00e7ekilme) sonra yukar\u0131 y\u00f6nl\u00fc ivmeyi yeniden kuruyor. Piyasa \u015fimdi <strong>158,80\u2013159,00<\/strong> band\u0131ndaki bir sonraki diren\u00e7 alan\u0131n\u0131 test ediyor.<\/p>\n\n\n\n<p>USDJPY bu b\u00f6lgenin \u00fczerine net bi\u00e7imde \u00e7\u0131karsa yat\u0131r\u0131mc\u0131lar <strong>160,71<\/strong> civar\u0131ndaki geni\u015f zirvenin yeniden testini hedefleyebilir. Ancak bu seviye, Japon h\u00fck\u00fcmetinin olas\u0131 m\u00fcdahalesine dair s\u00fcren beklentiler nedeniyle hassas kal\u0131yor.<\/p>\n\n\n\n<p><strong>160<\/strong> \u00fczerinden ya\u015fanan \u00f6nceki sert d\u00fc\u015f\u00fc\u015f, yenin \u00e7ok h\u0131zl\u0131 zay\u0131flad\u0131\u011f\u0131 d\u00f6nemlerde otoritelerin ne kadar agresif tepki verebilece\u011fini g\u00f6sterdi. Bu risk, paritede kal\u0131c\u0131 y\u00fckseli\u015fi s\u0131n\u0131rlayan ana unsurlardan biri.<\/p>\n\n\n\n<p>Temel tarafta (makro veriler ve para politikas\u0131), orta vadede USDJPY lehine tablo s\u00fcr\u00fcyor. ABD ve Japonya aras\u0131ndaki getiri fark\u0131 (faiz\/ tahvil getirisi fark\u0131) geni\u015f kal\u0131rken BoJ, Fed\u2019e k\u0131yasla daha destekleyici bir politika duru\u015funu koruyor.<\/p>\n\n\n\n<p>\u00d6te yandan piyasa, bunu m\u00fcdahale riski ve ABD faiz beklentilerindeki de\u011fi\u015fimle dengeliyor. ABD\u2019de daha d\u00fc\u015f\u00fck enflasyon verileri veya Fed\u2019den \u201cg\u00fcvercin\u201d mesajlar (faiz art\u0131rmaya daha uzak bir duru\u015f) dolar\u0131n g\u00fcc\u00fcn\u00fc azaltabilir ve USDJPY\u2019yi yeniden a\u015fa\u011f\u0131 \u00e7ekebilir.<\/p>\n\n\n\n<p>Toparlanma s\u0131ras\u0131nda i\u015flem hacmi (volume: al\u0131m-sat\u0131m miktar\u0131) sert k\u0131r\u0131lma mumundaki kadar y\u00fcksek g\u00f6r\u00fcnm\u00fcyor. Bu da mevcut hareketin g\u00fc\u00e7l\u00fc bir k\u0131r\u0131lmadan \u00e7ok dengelenmeye benzedi\u011fine i\u015faret ediyor.<\/p>\n\n\n\n<p>\u015eimdilik USDJPY, <strong>157,50<\/strong> \u00fczerinde kald\u0131\u011f\u0131 s\u00fcrece k\u0131sa vadede <strong>temkinli pozitif<\/strong> g\u00f6r\u00fcn\u00fcm ta\u015f\u0131yor. Ancak psikolojik olarak kritik <strong>160<\/strong> b\u00f6lgesi yak\u0131n\u0131nda dalgalanman\u0131n y\u00fcksek kalmas\u0131 bekleniyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Temkinli Beklenti<\/h2>\n\n\n\n<p>USD\/JPY, <strong>158,218<\/strong> ve <strong>157,906<\/strong> \u00fczerinde kald\u0131k\u00e7a hafif pozitif e\u011filimini koruyor. <strong>158,580<\/strong> \u00fczerindeki kal\u0131c\u0131 bir hareket, \u00f6zellikle ABD tahvil getirileri g\u00fc\u00e7l\u00fc kal\u0131r ve piyasalar Fed\u2019in faiz art\u0131r\u0131m\u0131 riskini fiyatlamay\u0131 s\u00fcrd\u00fcr\u00fcrse <strong>160,716<\/strong> y\u00f6n\u00fcnde yeni bir hamleyi destekleyebilir.<\/p>\n\n\n\n<p><strong>157,460<\/strong> alt\u0131na ini\u015f, m\u00fcdahale endi\u015felerinin veya BoJ\u2019un faiz art\u0131r\u0131m\u0131 beklentilerinin etkisinin artmaya ba\u015flad\u0131\u011f\u0131na i\u015faret eder. Yat\u0131r\u0131mc\u0131lar; ABD enflasyon beklentilerini, Japonya\u2019n\u0131n toptan fiyat verilerini, petrol fiyatlar\u0131n\u0131, Tokyo\u2019dan m\u00fcdahale sinyallerini ve Masu\u2019nun faiz art\u0131\u015f\u0131 mesaj\u0131n\u0131n BoJ i\u00e7inde daha geni\u015f destek bulup bulmad\u0131\u011f\u0131n\u0131 izlemeli.<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>Yat\u0131r\u0131mc\u0131 Sorular\u0131<\/strong><\/summary>\n<p><strong>Japon Yeni Neden Dolar Kar\u015f\u0131s\u0131nda De\u011fer Kaybediyor?<\/strong><\/p>\n\n\n\n<p>Yen; dolar\u0131n genel g\u00fc\u00e7lenmesi ve Fed\u2019in faiz art\u0131rabilece\u011fine dair beklentilerin artmas\u0131 nedeniyle de\u011fer kaybediyor. Bu beklenti, USD\/JPY\u2019yi yukar\u0131 itiyor.<\/p>\n\n\n\n<p>USD\/JPY <strong>158,467<\/strong> seviyesinde i\u015flem g\u00f6rd\u00fc; g\u00fcn i\u00e7i zirve <strong>158,580<\/strong> sonras\u0131 <strong>0,085<\/strong> puan (%<strong>0,05<\/strong>) y\u00fckseldi. Yenin haftal\u0131k kayb\u0131 da %<strong>1<\/strong>\u2019i a\u015fma yolundayd\u0131.<\/p>\n\n\n\n<p><strong>USD\/JPY \u015eu Anda Ka\u00e7?<\/strong><\/p>\n\n\n\n<p>USD\/JPY <strong>158,467<\/strong> seviyesinde i\u015flem g\u00f6rd\u00fc.<\/p>\n\n\n\n<p>G\u00fcn i\u00e7i zirve <strong>158,580<\/strong>, dip <strong>158,230<\/strong>; a\u00e7\u0131l\u0131\u015f <strong>158,343<\/strong>, kapan\u0131\u015f <strong>158,382<\/strong> oldu.<\/p>\n\n\n\n<p><strong>Fed\u2019in Faiz Art\u0131r\u0131m\u0131 Beklentisi Yeni Neden Zay\u0131flat\u0131yor?<\/strong><\/p>\n\n\n\n<p>\u00c7\u00fcnk\u00fc ABD\u2019de daha y\u00fcksek faiz, dolar cinsi varl\u0131klar\u0131 daha cazip hale getiriyor. Bu da yen gibi d\u00fc\u015f\u00fck getirili para birimlerinden dolara y\u00f6nelimi art\u0131r\u0131yor.<\/p>\n\n\n\n<p>Piyasalar Fed\u2019in <strong>Aral\u0131k<\/strong>ta faiz art\u0131rma olas\u0131l\u0131\u011f\u0131n\u0131 %<strong>44<\/strong> olarak g\u00f6r\u00fcyor (bir hafta \u00f6nce %<strong>22,5<\/strong>). ABD-Japonya faiz fark\u0131n\u0131n a\u00e7\u0131lmas\u0131 USD\/JPY\u2019yi destekliyor.<\/p>\n\n\n\n<p><strong>ABD Enflasyonu USD\/JPY\u2019yi Nas\u0131l Etkiliyor?<\/strong><\/p>\n\n\n\n<p>ABD\u2019de y\u00fcksek enflasyon, Fed\u2019in daha s\u0131k\u0131 politika izleyebilece\u011fi beklentisini g\u00fc\u00e7lendirerek USD\/JPY\u2019yi yukar\u0131 ta\u015f\u0131yor.<\/p>\n\n\n\n<p>\u0130ran sava\u015f\u0131na ba\u011fl\u0131 enflasyon etkisi ve artan enerji maliyetleri, yat\u0131r\u0131mc\u0131lar\u0131n Fed i\u00e7in daha \u201c\u015fahin\u201d bir patika fiyatlamas\u0131na yol a\u00e7t\u0131. Bu da yen gibi d\u00fc\u015f\u00fck getirili para birimleri kar\u015f\u0131s\u0131nda dolar\u0131 destekliyor.<\/p>\n\n\n\n<p><strong>Petrol Fiyatlar\u0131 Neden Yeni Bask\u0131l\u0131yor?<\/strong><\/p>\n\n\n\n<p>Japonya enerjide ithalata ba\u011f\u0131ml\u0131 oldu\u011fu i\u00e7in petrol\u00fcn y\u00fckselmesi ithalat faturas\u0131n\u0131 b\u00fcy\u00fct\u00fcr, d\u0131\u015f ticaret ko\u015fullar\u0131n\u0131 k\u00f6t\u00fcle\u015ftirir ve enflasyon bask\u0131s\u0131n\u0131 art\u0131r\u0131r. Bu durum, \u00f6zellikle ABD tahvil getirileri y\u00fcksekken yeni zay\u0131flatabilir.<\/p>\n<\/details>\n\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Dikkat: Yen yeniden \u00e7\u00f6z\u00fcl\u00fcyor! USD\/JPY 158,5\u2019e t\u0131rman\u0131rken haftal\u0131k kay\u0131p %1\u2019i a\u015ft\u0131. Fed\u2019in Aral\u0131k faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131 %44\u2019e \u00e7\u0131kt\u0131; petrol ve Japon toptan enflasyonu %4,9 m\u00fcdahale riskini b\u00fcy\u00fctt\u00fc.<\/p>\n","protected":false},"author":87,"featured_media":46725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-46726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46726","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=46726"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/46725"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}