G\u00fcney Kore\u2019nin d\u00f6viz rezervleri May\u0131s ay\u0131nda 426,99 milyar dolara gerileyerek bir \u00f6nceki ayki 427,88 milyar dolar seviyesinin alt\u0131na indi. B\u00f6ylece d\u00f6nem i\u00e7inde 0,89 milyar dolarl\u0131k d\u00fc\u015f\u00fc\u015f kaydedildi.<\/p>\n
Son seviye rezervleri 426 milyar dolar\u0131n \u00fczerinde tutsa da, \u00f6nceki ay toplam\u0131n\u0131n alt\u0131nda kald\u0131. Veride rezerv kalemlerine veya politika belirleyicilerine ili\u015fkin ek bir k\u0131r\u0131l\u0131m payla\u015f\u0131lmad\u0131.<\/p>\n
May\u0131s ay\u0131nda G\u00fcney Kore\u2019nin d\u00f6viz rezervlerinde 427,88 milyar dolardan 426,99 milyar dolara ya\u015fanan s\u0131n\u0131rl\u0131 d\u00fc\u015f\u00fc\u015f\u00fc, net bir sinyal olarak g\u00f6r\u00fcyoruz. Bu hareket, merkez bankas\u0131n\u0131n Kore wonunu desteklemek i\u00e7in muhtemelen dolar satt\u0131\u011f\u0131na i\u015faret ediyor. S\u00f6z konusu m\u00fcdahale, yerel para birimini zay\u0131flatan altta yatan bir bask\u0131n\u0131n bulundu\u011funu ima ediyor.<\/p>\n
Bu bask\u0131, G\u00fcney Kore\u2019nin d\u0131\u015f ticaret fazlas\u0131n\u0131n May\u0131s\u2019ta yar\u0131 iletken ihracat\u0131ndaki b\u00fcy\u00fcmenin yava\u015flamas\u0131yla beklentilerin aksine 2,1 milyar dolara darald\u0131\u011f\u0131n\u0131 g\u00f6steren son veriler \u0131\u015f\u0131\u011f\u0131nda anla\u015f\u0131labilir. Ayr\u0131ca, ge\u00e7en ay ABD tar\u0131m d\u0131\u015f\u0131 istihdam verilerinin 215 bin ile g\u00fc\u00e7l\u00fc bir art\u0131\u015fa i\u015faret etmesi, ABD dolar\u0131na yeniden g\u00fc\u00e7 kazand\u0131rd\u0131. Bu unsurlar won i\u00e7in ters r\u00fczg\u00e2rlar yarat\u0131yor.<\/p>\n
Kore Merkez Bankas\u0131\u2019n\u0131n hamlesi dikkate al\u0131nd\u0131\u011f\u0131nda, USD\/KRW kurunda volatiliteyi yumu\u015fatmaya d\u00f6n\u00fck \u00e7abalar\u0131n s\u00fcrmesi beklenmeli. M\u00fcdahale, daha geni\u015f e\u011filimi tersine \u00e7evirmekten ziyade paritede h\u0131zl\u0131 bir s\u0131\u00e7ramay\u0131 engelleme iste\u011fine i\u015faret ediyor. Bizim a\u00e7\u0131m\u0131zdan bu, a\u015f\u0131r\u0131 yukar\u0131 y\u00f6nl\u00fc hareketlerin ge\u00e7ici olarak s\u0131n\u0131rland\u0131r\u0131labilece\u011fi anlam\u0131na geliyor.<\/p>\n
Bu nedenle, \u00f6n\u00fcm\u00fczdeki haftalarda USD\/KRW\u2019de do\u011frudan al\u0131m opsiyonu (call) sat\u0131n almaktansa, USD\/KRW call spread gibi t\u00fcrev stratejilerin daha cazip oldu\u011fu g\u00f6r\u00fc\u015f\u00fcndeyiz. Bu yakla\u015f\u0131m, paritede kademeli bir yukar\u0131 y\u00f6nl\u00fc e\u011filimden faydalanma imk\u00e2n\u0131 sunuyor. Ayr\u0131ca, merkez bankas\u0131n\u0131n sat\u0131\u015flar\u0131n\u0131n \u00fcst seviyelerde diren\u00e7 olu\u015fturma ihtimalini yap\u0131ya dahil ederek riski s\u0131n\u0131rl\u0131yor.<\/p>\n
Tarihsel olarak Kore Merkez Bankas\u0131, USD\/KRW\u2019nin 2022 sonlar\u0131nda g\u00f6r\u00fclen 1400 seviyesi gibi psikolojik a\u00e7\u0131dan \u00f6nemli e\u015fiklere yakla\u015ft\u0131\u011f\u0131 d\u00f6nemlerde wonu savunma konusunda daha agresif davranma e\u011filimi g\u00f6sterdi. Bu ge\u00e7mi\u015f davran\u0131\u015f, s\u0131n\u0131rl\u0131 bir yukar\u0131 potansiyele pozisyon almak i\u00e7in daha d\u00fc\u015f\u00fck kullan\u0131m fiyatl\u0131 call al\u0131m\u0131n\u0131 finanse etmek \u00fczere daha y\u00fcksek kullan\u0131m fiyatl\u0131 call satman\u0131n temkinli bir y\u00f6ntem oldu\u011fu g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc destekliyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
G\u00fcney Kore rezervleri May\u0131s\u2019ta 426,99 milyar dolara indi: Won\u2019u savunmak i\u00e7in olas\u0131 dolar sat\u0131\u015f\u0131 sinyali. Ticaret fazlas\u0131 daral\u0131yor, g\u00fc\u00e7l\u00fc dolar bask\u0131 yarat\u0131yor; USD\/KRW\u2019de call spread \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":47700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49389","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\/49389","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=49389"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47700"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}