{"id":50897,"date":"2026-07-09T06:00:00","date_gmt":"2026-07-09T06:00:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/japonyada-m2cd-buyumesi-yavasladi-bojun-sikilasma-beklentileri-zayiflarken-yen-uzerinde-baski-artti\/"},"modified":"2026-07-09T06:00:00","modified_gmt":"2026-07-09T06:00:00","slug":"japonyada-m2cd-buyumesi-yavasladi-bojun-sikilasma-beklentileri-zayiflarken-yen-uzerinde-baski-artti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/japonyada-m2cd-buyumesi-yavasladi-bojun-sikilasma-beklentileri-zayiflarken-yen-uzerinde-baski-artti\/","title":{"rendered":"Japonya\u2019da M2+CD b\u00fcy\u00fcmesi yava\u015flad\u0131; BoJ\u2019un s\u0131k\u0131la\u015fma beklentileri zay\u0131flarken yen \u00fczerinde bask\u0131 artt\u0131"},"content":{"rendered":"

Japonya\u2019n\u0131n geni\u015f para arz\u0131 g\u00f6stergesi M2+CD, haziranda geriledi; y\u0131ll\u0131k bazda b\u00fcy\u00fcme bir \u00f6nceki verideki %2,5\u2019ten %2,2\u2019ye yava\u015flad\u0131. Veriler, bir \u00f6nceki aya k\u0131yasla parasal geni\u015flemenin daha \u0131l\u0131ml\u0131 bir tempoya indi\u011fine i\u015faret ediyor.<\/p>\n\n

Para Politikas\u0131 ve Kur G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\n

Japonya\u2019n\u0131n para arz\u0131 b\u00fcy\u00fcmesinin %2,2\u2019ye gerilemesini g\u00fc\u00e7l\u00fc bir dezenflasyon sinyali olarak g\u00f6r\u00fcyoruz. Bu durum, Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) \u00f6ng\u00f6r\u00fclebilir gelecekte para politikas\u0131nda beklemede kalaca\u011f\u0131 y\u00f6n\u00fcndeki g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc peki\u015ftiriyor. Faiz art\u0131\u015f\u0131 s\u00f6ylemlerinin \u015fimdilik g\u00fcndemden kalkmas\u0131 muhtemel.<\/p>\n\n

Bu \u00e7er\u00e7evede Japon Yeni\u2019nde ilave zay\u0131flama bekliyoruz. Faiz fark\u0131 temel belirleyici olmaya devam ediyor; ABD 10 y\u0131ll\u0131k tahvil faizi %3,9 ile Japonya\u2019n\u0131n %1,0 seviyesinin belirgin \u015fekilde \u00fczerinde. USD\/JPY\u2019de yukar\u0131 y\u00f6nl\u00fc harekete oynayarak uzun USD\/JPY al\u0131m (call) opsiyonlar\u0131 veya vadeli i\u015flemlerle pozisyon almay\u0131, paritede y\u00fckseli\u015f hedeflemeyi planl\u0131yoruz.<\/p>\n\n

Hisse Senedi Piyasas\u0131 ve Sabit Getirili Varl\u0131k Etkileri<\/h3>\n

Daha zay\u0131f bir yen, genellikle ihracat a\u011f\u0131rl\u0131kl\u0131 Japonya hisse piyasas\u0131 i\u00e7in g\u00fc\u00e7l\u00fc bir destek unsurudur. Tarihsel olarak yenin %10 de\u011fer kayb\u0131n\u0131n Nikkei 225 k\u00e2r b\u00fcy\u00fcmesine birka\u00e7 puan ekleyebildi\u011fini g\u00f6rd\u00fck. Bu nedenle, ihracat\u00e7\u0131 kaynakl\u0131 g\u00fcc\u00fcn daha geni\u015f endeksi yukar\u0131 ta\u015f\u0131yaca\u011f\u0131 beklentisiyle Nikkei 225 vadeli i\u015flemlerinde uzun pozisyonlar\u0131m\u0131z\u0131 art\u0131r\u0131yoruz.<\/p>\n\n

Bu veri, Japon Devlet Tahvilleri (JGB) konusundaki g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc de g\u00fc\u00e7lendiriyor. Merkez bankas\u0131 net bi\u00e7imde g\u00fcvercin duru\u015funu korurken, yurt i\u00e7i tahvil getirilerinde yukar\u0131 y\u00f6nl\u00fc bir bask\u0131 beklemiyoruz. JGB vadeli i\u015flemlerinde al\u0131m f\u0131rsatlar\u0131 g\u00f6r\u00fcyoruz; ekonomide ilave zay\u0131flama sinyalleri gelmesi halinde getiriler daha da gerileyebilir.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

Japonya\u2019da M2+CD b\u00fcy\u00fcmesi haziranda %2,5\u2019ten %2,2\u2019ye indi: Dezenflasyon sinyali BoJ\u2019u beklemeye iterken yen zay\u0131flayabilir. Strateji: long USD\/JPY, Nikkei uzun, JGB al\u0131m f\u0131rsat\u0131.<\/p>\n","protected":false},"author":87,"featured_media":50020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-50897","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\/50897","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=50897"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/50897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50020"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=50897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=50897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=50897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}