ABD dolar\u0131, k\u0131sa s\u00fcreli bir istikrar\u0131n ard\u0131ndan yeniden zay\u0131flad\u0131. Piyasalar, ABD Hazine\u2019nin ABD Hazine tahvil getirilerindeki d\u00fc\u015f\u00fc\u015f\u00fc durdurmaya y\u00f6nelik olas\u0131 ad\u0131mlar\u0131n\u0131 izliyor. G\u00fcn i\u00e7inde getirilerde belirgin bir hareket g\u00f6r\u00fclmezken, Japonya\u2019n\u0131n temmuz ay\u0131 \u00fclke geneli T\u00dcFE\u2019si yeniden %2,0\u2019ye do\u011fru toparland\u0131\u011f\u0131 i\u00e7in Japon devlet tahvili getirileri y\u00fckseldi. \u00c7ekirdek-\u00e7ekirdek T\u00dcFE oran\u0131 %1,9\u2019a \u00e7\u0131kt\u0131; temel fiyat bask\u0131lar\u0131 belirli g\u0131da kalemleri ve d\u0131\u015far\u0131da yeme-i\u00e7me taraf\u0131ndan desteklendi.<\/p>\n
Bu enflasyon verileri, piyasalar\u0131n Eyl\u00fcl Para Politikas\u0131 Kurulu toplant\u0131s\u0131nda Japonya Merkez Bankas\u0131\u2019n\u0131n 25 baz puanl\u0131k faiz art\u0131\u015f\u0131 fiyatlamas\u0131yla uyumlu. ABD\u2019de ise Hazine\u2019nin, bug\u00fcn ya da en ge\u00e7 gelecek haftan\u0131n ba\u015f\u0131nda, mali konsolidasyona daha fazla odaklanaca\u011f\u0131n\u0131 duyurmaya haz\u0131rland\u0131\u011f\u0131 belirtiliyor. Risk i\u015ftah\u0131 ayr\u0131ca Orta Do\u011fu gerilimi taraf\u0131ndan da \u015fekillendi; bu gerilim, Avrupa do\u011fal gaz fiyatlar\u0131nda istikrarl\u0131 bir y\u00fckseli\u015fle ayn\u0131 d\u00f6neme denk geldi ve EUR\/USD i\u00e7in k\u0131sa vadeli ko\u015fullar\u0131n \u00e7er\u00e7evesini \u00e7izdi.<\/p>\n
ABD dolar\u0131 a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 alt\u0131ndayken, t\u00fcrev i\u015flem yapanlar\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda hedge stratejilerini ayarlayarak artan oynakl\u0131\u011fa haz\u0131rlanmas\u0131 gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. ABD 10 y\u0131ll\u0131k tahvil getirisi son d\u00f6nemde %3,8 ile %4,0 band\u0131nda seyretti; bu g\u00f6r\u00fcn\u00fcm, Washington\u2019un mali konsolidasyon taahh\u00fctlerine y\u00f6nelik piyasadaki derin \u015f\u00fcphecili\u011fi yans\u0131t\u0131yor. Yat\u0131r\u0131mc\u0131lar, piyasan\u0131n yakla\u015fan Hazine a\u00e7\u0131klamalar\u0131n\u0131n kredibilitesini test etti\u011fi bir ortamda ani dalgalanmalara kar\u015f\u0131 korunmak i\u00e7in faiz swaplar\u0131 ve swaption\u2019lar\u0131 de\u011ferlendirebilir.<\/p>\n
\u00d6te yandan, Japonya\u2019n\u0131n \u00fclke geneli \u00e7ekirdek T\u00dcFE\u2019sinin yeniden %2,0 seviyesine yakla\u015fmas\u0131, Japonya Merkez Bankas\u0131\u2019n\u0131n eyl\u00fclde 25 baz puanl\u0131k faiz art\u0131\u015f\u0131na do\u011fru ilerledi\u011fine g\u00fc\u00e7l\u00fc bir i\u015faret veriyor. Getiri fark\u0131ndaki bu de\u011fi\u015fim, Yen\u2019i y\u00fckseli\u015f y\u00f6nl\u00fc t\u00fcrev i\u015flemler i\u00e7in cazip bir hedef haline getiriyor. Yat\u0131r\u0131mc\u0131lar\u0131n, ABD ile Japonya faizleri aras\u0131ndaki fark\u0131n daralmas\u0131ndan yararlanmak i\u00e7in JPY al\u0131m (call) opsiyonlar\u0131 veya USD\/JPY vadeli kontratlar\u0131nda k\u0131sa pozisyonlar\u0131 incelemesini \u00f6neriyoruz.<\/p>\n
Buna kar\u015f\u0131l\u0131k EUR\/USD\u2019de yukar\u0131 y\u00f6n i\u00e7in olduk\u00e7a s\u0131n\u0131rl\u0131 bir alan g\u00f6r\u00fcyoruz; \u00f6zellikle Orta Do\u011fu\u2019daki s\u00fcregelen gerilim nedeniyle Avrupa do\u011fal gaz fiyatlar\u0131n\u0131n megavat-saat ba\u015f\u0131na \u20ac40\u2019\u0131n \u00fczerine t\u0131rmanmas\u0131 sonras\u0131nda. Y\u00fcksek enerji maliyetleri Euro B\u00f6lgesi\u2019nin g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc bask\u0131lamaya devam ederek, dolar\u0131n zay\u0131flamas\u0131ndan gelebilecek olas\u0131 faydalar\u0131 n\u00f6trl\u00fcyor. Bu \u201ctavanl\u0131\u201d ortamda, t\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131 EUR\/USD paritesinde demir kondor gibi bant i\u00e7i stratejilerle ba\u015far\u0131 yakalayabilir.<\/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":" Dolar yeniden zay\u0131fl\u0131yor: Hazine\u2019nin mali konsolidasyon hamlesi beklenirken volatilite artabilir. Japonya\u2019da T\u00dcFE %2\u2019ye yakla\u015f\u0131nca BOJ\u2019da Eyl\u00fcl 25 bp art\u0131\u015f fiyatlan\u0131yor; yen g\u00fc\u00e7leniyor, EUR\/USD enerji bask\u0131s\u0131yla tavanl\u0131.<\/p>\n","protected":false},"author":87,"featured_media":49985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t