{"id":48162,"date":"2026-03-06T07:18:51","date_gmt":"2026-03-06T07:18:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/jeopolitik-gerilimlerin-ortasinda-guvenli-liman-talebinin-destegiyle-yen-deger-kazanirken-eur-jpy-18260-civarinda-daha-dusuk-seyrediyor-014-dususte\/"},"modified":"2026-03-06T07:18:51","modified_gmt":"2026-03-06T07:18:51","slug":"jeopolitik-gerilimlerin-ortasinda-guvenli-liman-talebinin-destegiyle-yen-deger-kazanirken-eur-jpy-18260-civarinda-daha-dusuk-seyrediyor-014-dususte","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/jeopolitik-gerilimlerin-ortasinda-guvenli-liman-talebinin-destegiyle-yen-deger-kazanirken-eur-jpy-18260-civarinda-daha-dusuk-seyrediyor-014-dususte\/","title":{"rendered":"Jeopolitik gerilimlerin ortas\u0131nda g\u00fcvenli liman talebinin deste\u011fiyle Yen de\u011fer kazan\u0131rken, EUR\/JPY 182,60 civar\u0131nda daha d\u00fc\u015f\u00fck seyrediyor; %0,14 d\u00fc\u015f\u00fc\u015fte."},"content":{"rendered":"EUR\/JPY, Per\u015fembe g\u00fcn\u00fc riskten ka\u00e7\u0131\u015f\u0131n (yat\u0131r\u0131mc\u0131lar\u0131n daha g\u00fcvenli g\u00f6rd\u00fckleri varl\u0131klara y\u00f6nelmesi) \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 piyasada Japon Yeni\u2019ne (JPY) talebin artmas\u0131yla 182,60 civar\u0131nda i\u015flem g\u00f6rd\u00fc ve %0,14 geriledi. Orta Do\u011fu\u2019daki sava\u015f\u0131n \u015fiddetlenmesi, Yeni destekledi.\n\nYat\u0131r\u0131mc\u0131lar daha g\u00fcvenli kabul edilen varl\u0131klara kayd\u0131; bu da Yeni\u2019nin bir\u00e7ok para birimi kar\u015f\u0131s\u0131nda g\u00fc\u00e7lenmesine yol a\u00e7t\u0131. Jeopolitik gerginlik (siyasi ve askeri risk) artt\u0131k\u00e7a parite \u00fczerindeki bask\u0131 s\u00fcrd\u00fc.\n\n

Japonya Merkez Bankas\u0131 (BoJ) Politika G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nJaponya Merkez Bankas\u0131 (BoJ) Ba\u015fkan\u0131 Kazuo Ueda, ekonomik b\u00fcy\u00fcme ve enflasyon izin verirse BoJ\u2019un faiz art\u0131rabilece\u011fini s\u00f6yledi. Ancak piyasalar; belirsizlik, oynak enerji fiyatlar\u0131 (h\u0131zl\u0131 ini\u015f-\u00e7\u0131k\u0131\u015f) ve jeopolitik riskler nedeniyle Mart toplant\u0131s\u0131nda faizlerde de\u011fi\u015fiklik beklemiyor.\n\nEuro B\u00f6lgesi verileri kar\u0131\u015f\u0131k geldi. Perakende Sat\u0131\u015flar, Ocak\u2019ta ayl\u0131k bazda %0,1 d\u00fc\u015ft\u00fc; piyasa %0,3 art\u0131\u015f bekliyordu.\n\nPerakende Sat\u0131\u015flar y\u0131ll\u0131k bazda %2 artt\u0131 ve %1,7 tahmininin \u00fczerine \u00e7\u0131kt\u0131. Bu tablo, ayl\u0131k d\u00fc\u015f\u00fc\u015fe ra\u011fmen y\u0131ll\u0131k harcamalar\u0131n daha g\u00fc\u00e7l\u00fc seyretti\u011fine i\u015faret etti.\n\nAvrupa Merkez Bankas\u0131 (ECB) yetkilileri temkinli olunmas\u0131 gerekti\u011fini vurgulad\u0131 ve \u00e7at\u0131\u015fmayla ba\u011flant\u0131l\u0131 enerji piyasalar\u0131n\u0131 izlediklerini belirtti. Baz\u0131 karar al\u0131c\u0131lar \u015fu a\u015famada faiz art\u0131r\u0131m\u0131 gere\u011fi olmad\u0131\u011f\u0131n\u0131 s\u00f6ylerken, Petrol ve Gaz fiyatlar\u0131ndaki y\u00fckseli\u015f enflasyon endi\u015felerini art\u0131rd\u0131.\n\n

Oynakl\u0131k K\u0131r\u0131l\u0131m\u0131na Y\u00f6nelik Pozisyonlanma<\/h3>\nEUR\/JPY \u00fczerindeki mevcut bask\u0131, do\u011frudan \u201cg\u00fcvenli limana ka\u00e7\u0131\u015f\u201dtan (risk art\u0131nca daha g\u00fcvenli g\u00f6r\u00fclen varl\u0131klara y\u00f6nelme) kaynaklan\u0131yor; jeopolitik gerginlik sermayeyi Japon Yeni\u2019ne ta\u015f\u0131yor. Son bir ayda ham petrol fiyatlar\u0131n\u0131n %15\u2019ten fazla y\u00fckselerek varil ba\u015f\u0131na yakla\u015f\u0131k 105 dolara \u00e7\u0131kmas\u0131, oynakl\u0131k endeksini (fiyat dalgalanmas\u0131n\u0131n g\u00f6stergesi) bu y\u0131l\u0131n en y\u00fcksek d\u00fczeyine ta\u015f\u0131d\u0131. Bu riskten ka\u00e7\u0131nan ortam, \u201cYeni zay\u0131flar\u201d y\u00f6nl\u00fc i\u015flemler i\u00e7in g\u00fc\u00e7l\u00fc bir kar\u015f\u0131 r\u00fczg\u00e2r (i\u015flemin aleyhine ko\u015fullar) yarat\u0131yor.\n\nBoJ Ba\u015fkan\u0131\u2019n\u0131n faiz art\u0131\u015f\u0131 mesajlar\u0131na ra\u011fmen temkinli olmak gerekiyor. BoJ\u2019un Mart 2024\u2019te negatif faizden (faizin s\u0131f\u0131r\u0131n alt\u0131nda oldu\u011fu politika) \u00e7\u0131k\u0131\u015f y\u00f6n\u00fcnde att\u0131\u011f\u0131 ilk k\u00fc\u00e7\u00fck ad\u0131m, ne kadar yava\u015f ilerlediklerini g\u00f6sterdi. Japonya\u2019da \u015eubat 2026 \u00e7ekirdek enflasyonun (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 fiyat art\u0131\u015f\u0131) %2,1 ile s\u0131n\u0131rl\u0131 kalmas\u0131, BoJ\u2019un ani ve sert bir hamle i\u00e7in g\u00fc\u00e7l\u00fc bir gerek\u00e7e bulmas\u0131n\u0131 zorla\u015ft\u0131r\u0131yor.\n\nEuro B\u00f6lgesi de benzer bir ikilemle kar\u015f\u0131 kar\u015f\u0131ya; \u00e7at\u0131\u015fma nedeniyle ECB yetkililerinin daha \u201cg\u00fcvercin\u201d (faiz art\u0131rmaya isteksiz, daha destekleyici politika) tonda konu\u015ftu\u011fu g\u00f6r\u00fcl\u00fcyor. Ancak \u015eubat 2026 T\u00dcFE (CPI, t\u00fcketici fiyat endeksi) \u00f6nc\u00fc verisi (flash, erken a\u00e7\u0131klanan tahmin) y\u0131ll\u0131k %2,8\u2019e s\u0131\u00e7rayarak alt\u0131 ayl\u0131k d\u00fc\u015f\u00fc\u015f trendini bozdu ve enflasyon kayg\u0131lar\u0131n\u0131 yeniden canland\u0131rd\u0131. Bu durum, 2025 boyunca ya\u015fanan enerji fiyat \u015foklar\u0131n\u0131 hat\u0131rlat\u0131yor; o d\u00f6nemde para politikas\u0131n\u0131n (faiz ve bilan\u00e7o gibi ara\u00e7lar) beklenenden uzun s\u00fcre s\u0131k\u0131 kalmas\u0131na neden olmu\u015ftu.\n\nRiskten ka\u00e7\u0131\u015f ile enflasyon \u00e7eki\u015fmesi s\u00fcrerken, belirli bir y\u00f6n yerine \u201coynakl\u0131kta k\u0131r\u0131l\u0131m\u201da g\u00f6re pozisyon almak daha mant\u0131kl\u0131 g\u00f6r\u00fcn\u00fcyor. Opsiyonlara (belirli tarihte\/ fiyattan alma-satma hakk\u0131 veren s\u00f6zle\u015fme) talep art\u0131yor; bir ayl\u0131k EUR\/JPY ima edilen oynakl\u0131k (opsiyon fiyatlar\u0131ndan \u00e7\u0131kar\u0131lan beklenen dalgalanma) iki haftada %8\u2019den %13\u2019\u00fcn \u00fczerine \u00e7\u0131kt\u0131. \u201cStraddle\u201d veya \u201cstrangle\u201d (fiyat\u0131n yukar\u0131 ya da a\u015fa\u011f\u0131 sert hareketinden yararlanmay\u0131 hedefleyen, al\u0131m ve sat\u0131m opsiyonlar\u0131n\u0131 birlikte i\u00e7eren stratejiler) almak, parite b\u00fcy\u00fck bir hareket yapt\u0131\u011f\u0131nda\u2014ECB\u2019nin daha \u015fahin (faiz art\u0131rmaya daha yak\u0131n) bir duru\u015fla yukar\u0131 k\u0131rmas\u0131ndan ya da g\u00fcvenli liman talebiyle a\u015fa\u011f\u0131 sarkmas\u0131ndan ba\u011f\u0131ms\u0131z olarak\u2014getiri sa\u011flama imk\u00e2n\u0131 sunabilir.\n\n2025\u2019teki piyasa ko\u015fullar\u0131, merkez bankalar\u0131n\u0131n ilk jeopolitik \u015foklara yava\u015f tepki verdi\u011fini; net veri g\u00f6rmeden beklemeyi tercih etti\u011fini g\u00f6sterdi. O y\u0131l Asya\u2019daki tedarik zinciri (\u00fcretim ve ta\u015f\u0131ma hatt\u0131) endi\u015felerinde Yeni, temel ekonomik veriler yeniden belirleyici olana kadar birka\u00e7 hafta g\u00fc\u00e7lenmi\u015fti. Bu da k\u0131sa vadede Yeni\u2019nin g\u00fc\u00e7lenmesinin \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131n\u0131, ancak Avrupa\u2019daki enflasyon bask\u0131lar\u0131n\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda sert bir ters harekete yol a\u00e7abilece\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.\n

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Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Orta Do\u011fu gerilimiyle g\u00fcvenli liman talebi art\u0131nca EUR\/JPY 182,60\u2019a gerileyip %0,14 d\u00fc\u015ft\u00fc. BoJ temkinli, ECB enerji\/enflasyon ikileminde. Oynakl\u0131k patlad\u0131; opsiyonla k\u0131r\u0131l\u0131ma oynay\u0131n.<\/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-48162","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\/48162","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=48162"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/48162\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=48162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=48162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=48162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}