Kore Merkez Bankas\u0131 (BoK), politika faizini \u00fcst \u00fcste ikinci toplant\u0131da 25 baz puan art\u0131rarak %3,0 seviyesine \u00e7\u0131kard\u0131 ve Temmuz\u2019dan bu yana toplam 50 baz puanl\u0131k art\u0131\u015f\u0131n ard\u0131ndan s\u0131k\u0131la\u015ft\u0131rma e\u011filimini korudu. Noktasal y\u00f6nlendirmede 21 nokta yer ald\u0131; bunlar\u0131n 10\u2019u %3,25\u2019te, alt\u0131s\u0131 %3,50\u2019de ve be\u015fi %3,00\u2019de konumland\u0131. Medyan, \u00f6n\u00fcm\u00fczdeki alt\u0131 ay i\u00e7inde ilave bir 25 baz puanl\u0131k art\u0131\u015fa i\u015faret ediyor. Politikan\u0131n, art arda gelen faiz art\u0131r\u0131mlar\u0131n\u0131n etkisini \u00f6l\u00e7mek \u00fczere bir sonraki toplant\u0131da duraklamas\u0131 beklenirken; b\u00fcy\u00fcme ve \u00e7ekirdek enflasyon g\u00fc\u00e7l\u00fc kal\u0131rsa faizi %3,25\u2019e y\u00fckseltme se\u00e7ene\u011fi masada tutuluyor.<\/p>\n\n
Karar sonras\u0131nda won g\u00fc\u00e7lendi; USD\/KRW 1.385\u2019ten yakla\u015f\u0131k 1.378\u2019e geriledi. Kur, Haziran\u2019da 1.560\u2019\u0131n \u00fczerini g\u00f6rm\u00fc\u015ft\u00fc. KRW\u2019nin Haziran sonundan bu yana ABD dolar\u0131na kar\u015f\u0131 %12 de\u011fer kazanmas\u0131yla birlikte, ilave kazan\u0131mlar\u0131n daha kademeli olmas\u0131 bekleniyor; k\u0131sa vadede USD\/KRW\u2019nin 1.360\u20131.400 band\u0131nda yatay konsolide olmas\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor. G\u00f6r\u00fcn\u00fcm; d\u0131\u015f fazla, finans hesab\u0131 \u00e7\u0131k\u0131\u015flar\u0131n\u0131n azalmas\u0131 ve \u015fahin BoK duru\u015fu ile destekleniyor. Ayr\u0131ca 2026\u2019da, ola\u011fan\u00fcst\u00fc g\u00fc\u00e7l\u00fc yar\u0131 iletken ihracat\u0131na ba\u011flanan 450 milyar ABD dolar\u0131 ile rekor cari fazla projeksiyonu \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n\n
T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lara, \u00f6n\u00fcm\u00fczdeki haftalarda USD\/KRW paritesinde 1.360\u20131.400 band\u0131nda bir konsolidasyon d\u00f6nemine pozisyonlanmalar\u0131n\u0131 \u00f6neriyoruz. Kore Merkez Bankas\u0131\u2019n\u0131n politika faizini \u00fcst \u00fcste art\u0131r\u0131mlarla %3,0\u2019a ta\u015f\u0131mas\u0131n\u0131n ard\u0131ndan, wonun Haziran\u2019dan bu yana kaydetti\u011fi h\u0131zl\u0131 %12\u2019lik ralli h\u0131z kesebilir. Prim sat\u0131\u015f\u0131 odakl\u0131, bant i\u00e7i opsiyon stratejileri (iron condor gibi) bu ge\u00e7ici duraklamadan faydalanmak i\u00e7in etkili bir y\u00f6ntemdir.<\/p>\n\n
2026\u2019n\u0131n ilk yar\u0131s\u0131nda yar\u0131 iletken ihracat\u0131n\u0131n y\u0131ll\u0131k bazda %40\u2019\u0131n \u00fczerinde artmas\u0131yla \u00f6ne \u00e7\u0131kan g\u00fc\u00e7l\u00fc teknoloji sekt\u00f6r\u00fc, Kore wonunda a\u015fa\u011f\u0131 y\u00f6nl\u00fc riskleri s\u0131n\u0131rl\u0131yor. Bu ihracat s\u0131\u00e7ramas\u0131, merkez bankas\u0131n\u0131n y\u0131l geneli i\u00e7in 450 milyar ABD dolar\u0131 ile tarihi cari fazla tahminini destekliyor. Ayr\u0131ca BoK\u2019un y\u0131l ilerleyen d\u00f6nemlerinde %3,25\u2019e son bir faiz art\u0131\u015f\u0131na i\u015faret etmesi, won i\u00e7in makro zeminin g\u00fc\u00e7l\u00fc kalmas\u0131na katk\u0131 sa\u011fl\u0131yor.<\/p>\n\n
Bu g\u00f6r\u00fcn\u00fcm\u00fc de\u011ferlendirmek i\u00e7in, 1.400 seviyesine do\u011fru k\u0131sa s\u00fcreli y\u00fckseli\u015flerde USD\/KRW sat\u0131m (put) opsiyonlar\u0131 al\u0131nmas\u0131n\u0131 ve 1.360\u2019a do\u011fru bir geri \u00e7ekilmenin hedeflenmesini \u00f6neriyoruz. Yat\u0131r\u0131mc\u0131lar ayr\u0131ca yakla\u015fan g\u00f6rece sakin d\u00f6nem ile bir sonraki aktif politika toplant\u0131s\u0131 aras\u0131ndaki ima edilen oynakl\u0131k farklar\u0131ndan yararlanmak i\u00e7in takvim spread\u2019lerini kullanabilir. Yap\u0131land\u0131r\u0131lm\u0131\u015f forward s\u00f6zle\u015fmeleri \u00fczerinden won uzun pozisyonunu korumak, G\u00fcney Kore\u2019nin azalan finans hesab\u0131 \u00e7\u0131k\u0131\u015flar\u0131ndan faydalanmay\u0131 sa\u011flayacakt\u0131r.<\/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":" BoK faizi %3,0\u2019a \u00e7ekti; medyan 6 ayda +25 bp sinyali veriyor. Won g\u00fc\u00e7lenirken USD\/KRW\u2019de 1.360\u20131.400 band\u0131 \u00f6ne \u00e7\u0131k\u0131yor: iron condor, put ve takvim spread f\u0131rsat\u0131.<\/p>\n","protected":false},"author":87,"featured_media":50076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53417","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