GBP\/JPY, \u00c7ar\u015famba g\u00fcn\u00fc Avrupa i\u015flemlerinde Birle\u015fik Krall\u0131k\u2019ta Mart ay\u0131 \u00e7ekirdek T\u00dcFE (g\u0131da ve enerji gibi oynak kalemler hari\u00e7 t\u00fcketici enflasyonu) beklentilerin alt\u0131nda gelince yakla\u015f\u0131k 215,10 seviyesine geriledi. \u00c7ekirdek T\u00dcFE y\u0131ll\u0131k %3,1 artt\u0131; beklenti %3,2 idi.<\/p>\n
Birle\u015fik Krall\u0131k hizmet enflasyonu (\u00f6zellikle \u00fccret ve i\u00e7 talebe duyarl\u0131 hizmet fiyatlar\u0131) \u015eubat\u2019taki %4,4\u2019ten y\u0131ll\u0131k %4,3\u2019e geriledi. Man\u015fet T\u00dcFE (genel enflasyon) y\u0131ll\u0131k %3,3 artt\u0131; beklentiyle ayn\u0131 ve \u00f6nceki %3\u2019\u00fcn \u00fczerinde.<\/p>\n
Daha \u0131l\u0131ml\u0131 \u00e7ekirdek verilerin ard\u0131ndan, 30 Nisan toplant\u0131s\u0131 \u00f6ncesinde \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) faiz art\u0131r\u0131m\u0131na y\u00f6nelik piyasa fiyatlamas\u0131 (vadeli i\u015flemler ve faiz swaplar\u0131yla \u00f6l\u00e7\u00fclen beklenti) azald\u0131. Dikkat \u015fimdi Per\u015fembe g\u00fcn\u00fc a\u00e7\u0131klanacak Nisan ay\u0131 \u00f6nc\u00fc S&P Global PMI verilerine (Sat\u0131n Alma Y\u00f6neticileri Endeksi; ekonomik faaliyetin nabz\u0131n\u0131 tutan anket g\u00f6stergesi) ve Cuma g\u00fcn\u00fc a\u00e7\u0131klanacak Mart ay\u0131 Perakende Sat\u0131\u015flar verisine \u00e7evrildi.<\/p>\n
Japon Yeni, Okyanusya para birimleri (Avustralya ve Yeni Zelanda dolar\u0131) hari\u00e7 \u00e7o\u011fu maj\u00f6r para birimine kar\u015f\u0131 g\u00fc\u00e7lendi. Bu hareket, Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) 28 Nisan\u2019da politika faizini %0,75\u2019te sabit tutmas\u0131n\u0131n beklendi\u011fi ortamda g\u00f6r\u00fcld.<\/p>\n
Bir y\u0131l \u00f6nce BoJ s\u0131k\u0131 duru\u015funu koruyordu; ancak o tarihten bu yana iki k\u00fc\u00e7\u00fck faiz art\u0131\u015f\u0131yla politika faizi %0,25\u2019e \u00e7\u0131kt\u0131. Buna ra\u011fmen Birle\u015fik Krall\u0131k\u2019taki %4,5 ile Japonya\u2019daki %0,25 aras\u0131ndaki b\u00fcy\u00fck faiz fark\u0131, carry trade\u2019i (d\u00fc\u015f\u00fck faizli para biriminde bor\u00e7lan\u0131p y\u00fcksek faizli para birimine yat\u0131r\u0131m yaparak faiz fark\u0131ndan getiri elde etme stratejisi) desteklemeyi s\u00fcrd\u00fcr\u00fcyor. Bu da BoJ \u00e7ok daha h\u0131zl\u0131 bir s\u0131k\u0131la\u015fma (faiz art\u0131r\u0131m\u0131 ve para politikas\u0131n\u0131 daha k\u0131s\u0131tlay\u0131c\u0131 hale getirme) sinyali vermedik\u00e7e, Yen\u2019deki g\u00fc\u00e7lenmenin k\u0131sa s\u00fcreli olabilece\u011fine i\u015faret ediyor.<\/p>\n
GBP\/JPY i\u00e7in bu tablo, Nisan 2025\u2019teki k\u0131sa d\u00fc\u015f\u00fc\u015ften farkl\u0131 olarak destekleyici bir zemin olu\u015fturuyor. Birle\u015fik Krall\u0131k\u2019ta enflasyonun diren\u00e7li kalmas\u0131 ve Japonya\u2019n\u0131n politika normalle\u015fmesinin (a\u015f\u0131r\u0131 gev\u015fek politikadan daha \u201cnormal\u201d seviyelere d\u00f6n\u00fc\u015f) yava\u015f ilerlemesi nedeniyle, t\u00fcrev \u00fcr\u00fcn yat\u0131r\u0131mc\u0131lar\u0131 paritenin y\u00fcksek kalmas\u0131ndan veya kademeli y\u00fckselmesinden faydalanan stratejilere y\u00f6nelebilir. Paran\u0131n d\u0131\u015f\u0131nda (out-of-the-money: mevcut kurdan uzak seviyedeki) JPY al\u0131m\/GBP sat\u0131m opsiyonlar\u0131 satmak, prim (opsiyon sat\u0131c\u0131s\u0131n\u0131n pe\u015fin ald\u0131\u011f\u0131 gelir) toplarken sert bir d\u00f6n\u00fc\u015fe kar\u015f\u0131 pozisyon almak i\u00e7in kullan\u0131labilecek bir y\u00f6ntem olabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sterlin\/Yen\u2019de alarm: \u0130ngiltere\u2019de \u00e7ekirdek T\u00dcFE beklenti alt\u0131 gelince GBP\/JPY 215,10\u2019a indi. BoE s\u0131k\u0131la\u015fma fiyatlamas\u0131 zay\u0131flad\u0131. Ancak dev faiz fark\u0131 carry\u2019yi canl\u0131 tutuyor, Yen g\u00fc\u00e7lenmesi ge\u00e7ici olabilir.<\/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-45204","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\/45204","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=45204"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45204\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}