GBP\/JPY, Pazartesi Avrupa i\u015flemlerinde yakla\u015f\u0131k 214,60 seviyesine y\u00fckseldi. Hareketin arkas\u0131nda, 28 Nisan\u2019daki Japonya Merkez Bankas\u0131 (BoJ) **faiz karar\u0131** \u00f6ncesi belirsizlik nedeniyle Japon Yeni\u2019nin zay\u0131flamas\u0131 var.<\/p>\n
Piyasalar, **ekonomik g\u00f6r\u00fcn\u00fcm\u00fcn** olumsuzla\u015fmas\u0131 ve **enerji fiyatlar\u0131ndaki olumsuz \u015fok** (enerji maliyetlerinin aniden artmas\u0131) sonras\u0131 BoJ\u2019un faiz art\u0131r\u0131p art\u0131rmayaca\u011f\u0131ndan emin de\u011fil. BoJ Ba\u015fkan\u0131 Kazuo Ueda, Japonya\u2019da enflasyonun \u201c**negatif arz \u015foku**\u201d nedeniyle (\u00fcretim\/tedarik ko\u015fullar\u0131 bozuldu\u011fu i\u00e7in fiyatlar\u0131n y\u00fckselmesi) artt\u0131\u011f\u0131n\u0131 s\u00f6yledi.<\/p>\n
Japonya\u2019da odak, Cuma g\u00fcn\u00fc a\u00e7\u0131klanacak Mart ay\u0131 **Ulusal T\u00fcketici Fiyat Endeksi (T\u00dcFE)** verisine \u00e7evrildi. **Taze g\u0131da hari\u00e7 T\u00dcFE** (dalgal\u0131 \u00fcr\u00fcnleri d\u0131\u015far\u0131da b\u0131rakan daha istikrarl\u0131 enflasyon \u00f6l\u00e7\u00fcm\u00fc) y\u0131ll\u0131k bazda %1,8 ile, \u00f6nceki %1,6\u2019n\u0131n \u00fczerine \u00e7\u0131kmas\u0131 bekleniyor.<\/p>\n
Sterlin, Birle\u015fik Krall\u0131k\u2019ta yo\u011fun veri haftas\u0131n\u0131n ba\u015f\u0131nda kar\u0131\u015f\u0131k seyretti. \u00dc\u00e7 ayl\u0131k (\u015eubat\u2019ta biten d\u00f6nem) **i\u015fg\u00fcc\u00fc piyasas\u0131** verileri Sal\u0131 g\u00fcn\u00fc, Mart ay\u0131 **T\u00dcFE** ise \u00c7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klanacak.<\/p>\n
\u0130stihdam raporunun **\u00fccret art\u0131\u015f\u0131nda** zay\u0131flamaya i\u015faret etmesi ve **ILO i\u015fsizlik oran\u0131n\u0131n** (Uluslararas\u0131 \u00c7al\u0131\u015fma \u00d6rg\u00fct\u00fc standartlar\u0131na g\u00f6re hesaplanan i\u015fsizlik) %5,2\u2019de sabit kalmas\u0131 bekleniyor. Enflasyonun ise daha h\u0131zl\u0131 artaca\u011f\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n
\u0130ngiltere Merkez Bankas\u0131 (BoE) Ba\u015fkan\u0131 Andrew Bailey, \u201c\u00e7ok b\u00fcy\u00fck bir olumsuz \u015fok\u201da ra\u011fmen 30 Nisan toplant\u0131s\u0131nda politika de\u011fi\u015fikli\u011fi i\u00e7in acele olmad\u0131\u011f\u0131n\u0131 s\u00f6yledi. Ayl\u0131k yay\u0131mlanan ve **Ulusal \u0130statistik Ofisi (ONS)** taraf\u0131ndan hesaplanan Birle\u015fik Krall\u0131k T\u00dcFE\u2019si, h\u00fck\u00fcmetin hedefledi\u011fi enflasyonu izlemek i\u00e7in kullan\u0131lan ana g\u00f6sterge olup y\u0131ll\u0131k bazda kar\u015f\u0131la\u015ft\u0131r\u0131l\u0131r.<\/p>\n
Nisan 2026\u2019daki tablo, 2025\u2019te g\u00f6r\u00fclen modele benzer. GBP\/JPY paritesi y\u00fcksek seviyelerde i\u015flem g\u00f6r\u00fcyor; yak\u0131n zamanda 218,00 seviyesine temas etti. Bunun temel nedeni, BoE ile BoJ aras\u0131ndaki **faiz fark\u0131n\u0131n** (iki \u00fclke faizleri aras\u0131ndaki getiri fark\u0131) \u00e7ok geni\u015f kalmas\u0131. **Politika ayr\u0131\u015fmas\u0131** (merkez bankalar\u0131n\u0131n farkl\u0131 y\u00f6nlerde hareket etmesi) i\u015flemler \u00fczerinde belirleyici unsur.<\/p>\n
Japon Yeni zay\u0131f kal\u0131yor \u00e7\u00fcnk\u00fc BoJ, ge\u00e7en y\u0131l **negatif faizi** (mevduata faiz \u00f6denmesi yerine maliyet uygulanmas\u0131) bitirse de politika faizini sadece %0,1\u2019de tutuyor. Japonya\u2019da **\u00e7ekirdek enflasyon** (enerji ve taze g\u0131da gibi oynak kalemler d\u0131\u015far\u0131da) yakla\u015f\u0131k %2,5 civar\u0131nda dengelenmi\u015f durumda. Bu nedenle BoJ \u00fczerinde h\u0131zl\u0131 ve g\u00fc\u00e7l\u00fc bir **faiz art\u0131r\u0131m\u0131 d\u00f6ng\u00fcs\u00fc** (art arda faiz art\u0131r\u0131mlar\u0131) ba\u015flatma bask\u0131s\u0131 s\u0131n\u0131rl\u0131. Bu ortamda, Yen bor\u00e7lan\u0131p daha y\u00fcksek faiz veren para birimlerine (Sterlin gibi) yat\u0131r\u0131m yapma, yani **carry trade** (faiz fark\u0131ndan kazan\u00e7 hedefleyen strateji) yat\u0131r\u0131mc\u0131lar i\u00e7in cazip kal\u0131yor.<\/p>\n
Birle\u015fik Krall\u0131k\u2019ta BoE, enflasyonla m\u00fccadele i\u00e7in politika faizini %4,75\u2019te tutuyor. Enflasyon h\u00e2l\u00e2 %2 hedefinin \u00fczerinde; son veriler y\u0131ll\u0131k %3,1\u2019e i\u015faret ediyor. Bu hafta gelecek yeni enflasyon ve istihdam verileri, BoE\u2019nin bir sonraki ad\u0131m\u0131 a\u00e7\u0131s\u0131ndan kritik olacak. Enflasyonun **inat\u00e7\u0131** kald\u0131\u011f\u0131na dair sinyaller, faizin daha uzun s\u00fcre y\u00fcksek tutulmas\u0131 beklentisini g\u00fc\u00e7lendirebilir.<\/p>\n
Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0i\u015fleme ba\u015flay\u0131n<\/a>\u00a0. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" GBP\/JPY 214,60\u2019a t\u0131rmand\u0131: BoJ\u2019un 28 Nisan faiz karar\u0131 \u00f6ncesi Yen zay\u0131f. G\u00f6zler Japon T\u00dcFE\u2019sinde. \u0130ngiltere\u2019de istihdam ve T\u00dcFE kritik; BoE-BoJ faiz fark\u0131 carry trade\u2019i destekliyor.<\/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-45001","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\/45001","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=45001"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45001\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}