{"id":49256,"date":"2026-06-02T09:28:00","date_gmt":"2026-06-02T09:28:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/eur-jpy-sahin-ecb-beklentilerinin-guclenmesi-ve-yenin-mudahale-bolgesine-yaklasmasiyla-186ya-dogru-yukseliyor\/"},"modified":"2026-06-02T09:28:00","modified_gmt":"2026-06-02T09:28:00","slug":"eur-jpy-sahin-ecb-beklentilerinin-guclenmesi-ve-yenin-mudahale-bolgesine-yaklasmasiyla-186ya-dogru-yukseliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/eur-jpy-sahin-ecb-beklentilerinin-guclenmesi-ve-yenin-mudahale-bolgesine-yaklasmasiyla-186ya-dogru-yukseliyor\/","title":{"rendered":"EUR\/JPY, \u015eahin ECB Beklentilerinin G\u00fc\u00e7lenmesi ve Yen\u2019in M\u00fcdahale B\u00f6lgesine Yakla\u015fmas\u0131yla 186\u2019ya Do\u011fru Y\u00fckseliyor"},"content":{"rendered":"

EUR\/JPY, \u00f6nceki seansta yatay seyretmesinin ard\u0131ndan Sal\u0131 g\u00fcn\u00fc erken Avrupa i\u015flemlerinde 186,00 civar\u0131nda y\u00fckseldi. Piyasalar, Euro B\u00f6lgesi\u2019nin \u00f6nc\u00fc Uyumla\u015ft\u0131r\u0131lm\u0131\u015f T\u00fcketici Fiyat Endeksi (HICP) verisi \u00f6ncesinde Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) daha \u015fahin bir duru\u015f benimseyebilece\u011fini fiyatl\u0131yor. Man\u015fet enflasyonun May\u0131s\u2019ta y\u0131ll\u0131k bazda Nisan\u2019daki %3,0 seviyesinden %3,2\u2019ye hafif y\u00fckselmesi bekleniyor; bu veri ECB\u2019nin yak\u0131n vadeli faiz patikas\u0131n\u0131 \u015fekillendirebilir. ECB \u0130cra Kurulu \u00fcyesi Isabel Schnabel\u2019in Pazartesi g\u00fcnk\u00fc a\u00e7\u0131klamalar\u0131, enerji d\u0131\u015f\u0131ndaki daha geni\u015f fiyat bask\u0131lar\u0131na ve enflasyon beklentilerine y\u00f6nelik risklere at\u0131fta bulunarak daha s\u0131k\u0131 politika beklentilerini g\u00fc\u00e7lendirdi.<\/p>\n

Yen daha da zay\u0131flayarak ABD dolar\u0131 (USD) kar\u015f\u0131s\u0131nda 159,5 seviyesinin alt\u0131na sarkt\u0131 ve 160\u2019a do\u011fru y\u00f6neldi. S\u00f6z konusu seviye daha \u00f6nce Japonya\u2019n\u0131n do\u011frudan piyasa m\u00fcdahalesiyle ili\u015fkilendirilmi\u015fti; bu durum EUR\/JPY\u2019deki y\u00fckseli\u015fi s\u0131n\u0131rlayabilir. Japonya Maliye Bakan\u0131, petrol piyasas\u0131ndaki oynakl\u0131\u011f\u0131n bir endi\u015fe unsuru olmaya devam etti\u011fini ve gerekirse yetkililerin harekete ge\u00e7meye haz\u0131r oldu\u011funu s\u00f6yledi; m\u00fcdahalenin yak\u0131n olup olmad\u0131\u011f\u0131na dair sinyal vermekten ka\u00e7\u0131n\u0131rken ABD\u2019li muhataplarla temas\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc do\u011frulad\u0131. Japonya Merkez Bankas\u0131 (BoJ) yakla\u015f\u0131k %2 enflasyon hedefliyor; 2013\u2019te Niceliksel ve Niteliksel Gev\u015feme\u2019yi (QQE) devreye ald\u0131, 2016\u2019da negatif faiz ve 10 y\u0131ll\u0131k getiri kontrol\u00fc ekledi ve Japonya\u2019da enflasyon hedefin \u00fczerine \u00e7\u0131kt\u0131ktan sonra Mart 2024\u2019te faizleri art\u0131rd\u0131.<\/p>\n

ECB \u015eahinli\u011fi Ve EUR\/JPY Deste\u011fi<\/h3>\n

Mevcut merkez bankas\u0131 politikas\u0131 ayr\u0131\u015fmas\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda, EUR\/JPY \u00e7apraz\u0131nda s\u00fcren g\u00fcc\u00fcn devam etti\u011fini ve paritenin \u015fu anda 186,50 civar\u0131nda i\u015flem g\u00f6rd\u00fc\u011f\u00fcn\u00fc de\u011ferlendiriyoruz. Avrupa Merkez Bankas\u0131 (ECB) daha \u015fahin bir duru\u015f sinyali verirken, Japonya Merkez Bankas\u0131 (BoJ) faizleri daha fazla art\u0131rma konusunda temkinli kal\u0131yor. Bu temel farkl\u0131l\u0131k, EUR\/JPY\u2019de uzun pozisyonlar\u0131 destekliyor.<\/p>\n

May\u0131s ay\u0131na ili\u015fkin son Euro B\u00f6lgesi enflasyon verileri, y\u0131ll\u0131k bazda beklenmedik \u015fekilde %2,6\u2019ya y\u00fckseli\u015fe i\u015faret ederken, \u00e7ekirdek enflasyon da %2,9\u2019a \u00e7\u0131kt\u0131. Bu g\u00f6stergeler, ECB\u2019nin yak\u0131n vadede faiz indirimi gerek\u00e7elendirmesini olduk\u00e7a zorla\u015ft\u0131r\u0131yor ve Euro i\u00e7in sa\u011flam bir taban olu\u015fturuyor. T\u00fcrev piyasas\u0131 yat\u0131r\u0131mc\u0131lar\u0131, bu beklenen g\u00fc\u00e7lenmeden faydalanmak i\u00e7in Euro \u00fczerinde al\u0131m (call) opsiyonlar\u0131n\u0131 de\u011ferlendirebilir.<\/p>\n

Yen Zay\u0131fl\u0131\u011f\u0131 Ve M\u00fcdahale Riskleri<\/h3>\n

\u0130\u015flemin di\u011fer taraf\u0131nda ise Japon Yeni\u2019ndeki zay\u0131fl\u0131k kal\u0131c\u0131 bir tema olmaya devam ediyor. Japonya\u2019n\u0131n \u00e7ekirdek enflasyonu y\u00f6netilebilir bir seviye olan %2,2 civar\u0131nda seyrederken, BoJ ECB kadar agresif bir s\u0131k\u0131la\u015fma bask\u0131s\u0131 alt\u0131nda de\u011fil. Geni\u015fleyen faiz fark\u0131n\u0131n Yen \u00fczerinde bask\u0131 yaratmaya devam etmesi muhtemel.<\/p>\n

Bu i\u015flemdeki ana risk, Japon yetkililerinin para birimini desteklemek i\u00e7in do\u011frudan m\u00fcdahalede bulunmas\u0131. 2024 bahar\u0131nda USD\/JPY kuru 160 seviyesini a\u015ft\u0131\u011f\u0131nda g\u00fc\u00e7l\u00fc m\u00fcdahaleler g\u00f6rm\u00fc\u015ft\u00fck; dolay\u0131s\u0131yla bu tehdit inand\u0131r\u0131c\u0131. Bu riski y\u00f6netmek i\u00e7in yat\u0131r\u0131mc\u0131lar, EUR\/JPY \u00fczerinde koruyucu sat\u0131m (put) opsiyonlar\u0131n\u0131 kullanmay\u0131 veya parite y\u00fckseldik\u00e7e s\u0131k\u0131 zarar-kes (stop-loss) seviyeleri belirlemeyi de\u011ferlendirebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"

EUR\/JPY 186,00-186,50 band\u0131nda g\u00fc\u00e7leniyor: HICP \u00f6ncesi ECB \u015fahinli\u011fi fiyatlan\u0131rken BoJ temkinli kal\u0131yor. Ancak Yen\u2019de 160 e\u015fi\u011fi m\u00fcdahale riskini art\u0131r\u0131p y\u00fckseli\u015fi s\u0131n\u0131rlayabilir.<\/p>\n","protected":false},"author":87,"featured_media":47740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49256","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/49256","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=49256"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47740"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}