{"id":30743,"date":"2026-03-19T18:03:02","date_gmt":"2026-03-19T18:03:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/boenin-faizleri-sabit-tutmasinin-ardindan-yenin-genel-capli-deger-kazanimi-sterlinin-genel-direncine-ragmen-gbp-jpyyi-asagi-cekti\/"},"modified":"2026-03-19T18:03:02","modified_gmt":"2026-03-19T18:03:02","slug":"boenin-faizleri-sabit-tutmasinin-ardindan-yenin-genel-capli-deger-kazanimi-sterlinin-genel-direncine-ragmen-gbp-jpyyi-asagi-cekti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/boenin-faizleri-sabit-tutmasinin-ardindan-yenin-genel-capli-deger-kazanimi-sterlinin-genel-direncine-ragmen-gbp-jpyyi-asagi-cekti\/","title":{"rendered":"BoE\u2019nin faizleri sabit tutmas\u0131n\u0131n ard\u0131ndan, yenin genel \u00e7apl\u0131 de\u011fer kazan\u0131m\u0131 sterlinin genel direncine ra\u011fmen GBP\/JPY\u2019yi a\u015fa\u011f\u0131 \u00e7ekti"},"content":{"rendered":"GBP\/JPY, Per\u015fembe g\u00fcn\u00fc Yen\u2019in Japonya Merkez Bankas\u0131 (BoJ) karar\u0131n\u0131n ard\u0131ndan g\u00fc\u00e7lenmesiyle geriledi. Sterlin ise di\u011fer b\u00fcy\u00fck para birimlerine kar\u015f\u0131 daha g\u00fc\u00e7l\u00fc seyrederken Yen kar\u015f\u0131s\u0131nda y\u00fckseli\u015f g\u00f6steremedi. Parite 211,07 civar\u0131nda i\u015flem g\u00f6rd\u00fc ve g\u00fcn i\u00e7inde yakla\u015f\u0131k %0,42 d\u00fc\u015ft\u00fc.\n\n\u0130ngiltere Merkez Bankas\u0131 (BoE) ve BoJ, beklentilere paralel \u015fekilde faizleri de\u011fi\u015ftirmedi. Her iki banka da Orta Do\u011fu\u2019daki gerilimler ve artan enerji fiyatlar\u0131n\u0131n enflasyon (fiyat art\u0131\u015f\u0131) risklerini b\u00fcy\u00fctt\u00fc\u011f\u00fcne dikkat \u00e7ekti.\n\n<h3>Merkez Bankalar\u0131 Faizleri Sabit Tuttu<\/h3>\nBoE, faizi oy birli\u011fiyle %3,75\u2019te b\u0131rakt\u0131. Banka, Orta Do\u011fu\u2019daki geli\u015fmeleri ve enerji fiyatlar\u0131n\u0131 izleyece\u011fini, gerekirse t\u00fcketici enflasyonunun (CPI: hanehalk\u0131n\u0131n \u00f6dedi\u011fi fiyatlar\u0131n genel \u00f6l\u00e7\u00fcm\u00fc) orta vadede %2 hedefiyle uyumlu kalmas\u0131 i\u00e7in ad\u0131m ataca\u011f\u0131n\u0131 s\u00f6yledi. BoE, 2026\u2019n\u0131n 2. \u00e7eyre\u011finde CPI ortalamas\u0131 tahminini \u015eubat\u2019taki %2,1\u2019den yakla\u015f\u0131k %3\u2019e y\u00fckseltti.\n\nBoJ, politika faizini (merkez bankas\u0131n\u0131n gecelik faiz seviyesi) 8\u2019e kar\u015f\u0131 1 oyla %0,75\u2019te tuttu. Hajime Takata, 25 baz puanl\u0131k (bps: y\u00fczde puan\u0131n 1\/100\u2019\u00fc; 25 bps = 0,25 puan) art\u0131\u015f istedi. BoJ, ekonomi ve fiyatlar tahminleriyle uyumlu giderse faiz art\u0131raca\u011f\u0131n\u0131 belirtti; riskler aras\u0131nda Orta Do\u011fu\u2019daki geli\u015fmeler, petrol fiyat hareketleri ve Yen\u2019in a\u015f\u0131r\u0131 zay\u0131flamas\u0131 yer ald\u0131.\n\nEnflasyonun y\u00fcksek enerji fiyatlar\u0131yla h\u0131zlanmas\u0131, iki merkez bankas\u0131n\u0131 da temkinli tutuyor. Bu durum, piyasada \u201cilk kim harekete ge\u00e7ecek\u201d beklentisini \u00f6ne \u00e7\u0131kararak GBP\/JPY\u2019de dalgalanma riskini art\u0131r\u0131yor.\n\n<h3>Faiz Art\u0131\u015f\u0131 Beklentileri Y\u00fckseliyor<\/h3>\nBirle\u015fik Krall\u0131k\u2019ta \u015eubat 2026 enflasyonu beklentilerin \u00fczerinde %3,4 geldi. Bu veri, BoE\u2019nin daha \u00f6nce enflasyon tahminini yukar\u0131 \u00e7ekmesinin ard\u0131ndan piyasada \u201cgerekirse faiz art\u0131r\u0131r\u201d alg\u0131s\u0131n\u0131 g\u00fc\u00e7lendirdi. Gecelik endeks swap (OIS: piyasadaki faiz beklentisini g\u00f6steren swap i\u015flemleri) fiyatlamas\u0131, May\u0131s toplant\u0131s\u0131nda faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131n %80 civar\u0131nda g\u00f6r\u00fcld\u00fc\u011f\u00fcne i\u015faret ediyor.\n\nJaponya\u2019da da \u00e7ekirdek enflasyon (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) \u015eubat ay\u0131nda %2,9 ile y\u00fcksek seyrini korudu. Brent petrol\u00fcn varil fiyat\u0131n\u0131n 92 dolar civar\u0131nda kalmas\u0131 da maliyet bask\u0131s\u0131n\u0131 art\u0131r\u0131yor. Zay\u0131f Yen\u2019e ba\u011fl\u0131 fiyat art\u0131\u015flar\u0131 nedeniyle BoJ \u00fczerindeki bask\u0131 y\u00fckseliyor; bu da bir sonraki toplant\u0131larda faiz art\u0131r\u0131m\u0131 ihtimalini g\u00fc\u00e7lendiriyor.\n\nBu tablo, GBP\/JPY i\u00e7in kritik d\u00f6neme i\u015faret ediyor. As\u0131l belirleyici unsur, hangi merkez bankas\u0131n\u0131n daha h\u0131zl\u0131 s\u0131k\u0131la\u015faca\u011f\u0131 olacak. S\u0131k\u0131la\u015fma (faiz art\u0131r\u0131m\u0131 veya para politikas\u0131n\u0131 daha k\u0131s\u0131tlay\u0131c\u0131 hale getirme) beklentilerinin ayn\u0131 anda g\u00fc\u00e7lenmesi, paritede oynakl\u0131\u011f\u0131n (fiyatlar\u0131n sert ve h\u0131zl\u0131 hareket etmesi) artabilece\u011fine i\u015faret ediyor.\n\nBu nedenle, yat\u0131r\u0131mc\u0131lar y\u00f6n tahmini yapmak yerine oynakl\u0131ktan faydalanmaya d\u00f6n\u00fck opsiyonlar\u0131 (belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fmeler) de\u011ferlendirebilir. Straddle (ayn\u0131 kullan\u0131m fiyat\u0131ndan hem al\u0131m\/call hem sat\u0131m\/put opsiyonu alma) stratejisi, paritenin hangi y\u00f6ne giderse gitsin g\u00fc\u00e7l\u00fc bir hareketten yararlanmay\u0131 hedefler. Daha net g\u00f6r\u00fc\u015f\u00fc olanlar i\u00e7in call spread (al\u0131m opsiyonu al\u0131p daha y\u00fcksek kullan\u0131m fiyat\u0131ndan al\u0131m opsiyonu satma) Sterlin\u2019de de\u011ferlenmeye s\u0131n\u0131rl\u0131 riskle kat\u0131lma imk\u00e2n\u0131 sunar.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>GBP\/JPY, BoJ sonras\u0131 Yen\u2019in g\u00fc\u00e7lenmesiyle 211,07\u2019ye gerileyip %0,42 d\u00fc\u015ft\u00fc. BoE-BoJ faizi sabit; enerji\/Orta Do\u011fu enflasyon riskini art\u0131r\u0131yor. Piyasada faiz art\u0131\u015f\u0131 yar\u0131\u015f\u0131 s\u00fcrerken oynakl\u0131k y\u00fckseliyor. Opsiyon stratejileri \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30743","post","type-post","status-publish","format-standard","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\/30743","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=30743"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}