GBP\/JPY \u00e7ar\u015famba g\u00fcn\u00fc neredeyse de\u011fi\u015fmedi; son \u00fc\u00e7 haftadaki band\u0131n ortas\u0131na yak\u0131n ve 213,00 seviyesinin birka\u00e7 pip (kurun en k\u00fc\u00e7\u00fck fiyat ad\u0131m\u0131) alt\u0131nda i\u015flem g\u00f6rd\u00fc. Nisan ay\u0131nda \u0130ngiltere\u2019de enflasyonun beklentiden fazla gerilemesi Sterlin\u2019i zay\u0131flatt\u0131. Yen ise Japonya ve ABD tahvil faizleri aras\u0131ndaki fark (getiri fark\u0131) ve enerji kaynakl\u0131 enflasyon riskleri nedeniyle bask\u0131 alt\u0131nda kald\u0131.<\/p>\n
\u0130ngiltere T\u00dcFE (T\u00fcketici Fiyat Endeksi, t\u00fcketici enflasyonu) nisan ay\u0131nda y\u0131ll\u0131k bazda marttaki %3,3\u2019ten %2,8\u2019e geriledi; %3 beklentisinin alt\u0131nda kald\u0131. \u00c7ekirdek T\u00dcFE (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) %3,1\u2019den %2,5\u2019e indi; %2,6 piyasa beklentisinin de alt\u0131nda kald\u0131.<\/p>\n
\u0130ngiltere \u00dcFE (\u00dcretici Fiyat Endeksi, \u00fcretici maliyet\/enflasyon g\u00f6stergesi) daha g\u00fc\u00e7l\u00fc geldi. Girdi fiyatlar\u0131 (\u00fcretimde kullan\u0131lan ham madde\/enerji maliyetleri) y\u0131ll\u0131k %7,7\u2019ye y\u00fckselerek \u00fc\u00e7 y\u0131l\u0131 a\u015fk\u0131n s\u00fcrenin zirvesine \u00e7\u0131kt\u0131. \u00c7\u0131kt\u0131 fiyatlar\u0131 (\u00fcreticinin sat\u0131\u015f fiyatlar\u0131) ise girdi maliyetlerine g\u00f6re daha s\u0131n\u0131rl\u0131 artt\u0131.<\/p>\n
Piyasalar verileri, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) haziranda faizi de\u011fi\u015ftirmeden b\u0131rakmas\u0131na destek olarak okudu; Sterlin b\u00fcy\u00fck para birimleri kar\u015f\u0131s\u0131nda hafif geriledi. Yen, ABD Hazine tahvili faizleri ile Japon devlet tahvili faizleri aras\u0131ndaki geni\u015f fark\u0131n \u201ccarry trade\u201di (d\u00fc\u015f\u00fck faizli para biriminden bor\u00e7lan\u0131p y\u00fcksek faizli para birimine yat\u0131r\u0131m yapma) desteklemesi nedeniyle zay\u0131f kald\u0131.<\/p>\n
ABD Hazine Bakan\u0131 Scott Bessent, Japonya\u2019daki yetkililere, Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) politikay\u0131 s\u0131k\u0131la\u015ft\u0131r\u0131p (faizi art\u0131rma veya parasal ko\u015fullar\u0131 s\u0131k\u0131la\u015ft\u0131rma) Yen\u2019i destekleyebilmesi i\u00e7in siyasi engellerin kald\u0131r\u0131lmas\u0131 \u00e7a\u011fr\u0131s\u0131nda bulundu.<\/p>\n
Yen\u2019deki zay\u0131fl\u0131k, bu paritede ana belirleyici olmaya devam ediyor. Carry trade h\u00e2l\u00e2 g\u00fc\u00e7l\u00fc: BoE politika faizi %4,75 iken BoJ faizi yaln\u0131zca %0,25. Yakla\u015f\u0131k %4,5\u2019lik bu faiz fark\u0131, yat\u0131r\u0131mc\u0131lar\u0131 Yen satarak Sterlin gibi daha y\u00fcksek faiz getirisi sunan para birimlerine y\u00f6nelmeye te\u015fvik ediyor.<\/p>\n
Ancak \u201cm\u00fcdahale\u201d (yetkililerin kura do\u011frudan al\u0131m-sat\u0131mla y\u00f6n verme giri\u015fimi) riski g\u00f6z ard\u0131 edilmemeli. Japon yetkililer 2024\u2019te Yen\u2019i desteklemek i\u00e7in birden fazla kez piyasaya m\u00fcdahale etmi\u015fti. GBP\/JPY\u2019nin 220,00 seviyesine do\u011fru h\u0131zl\u0131 bir hareketi benzer bir ad\u0131m\u0131 tetikleyebilir. Yat\u0131r\u0131mc\u0131lar, ani ve sert bir ters harekete kar\u015f\u0131 ucuz bir koruma (hedge) olarak \u201cout-of-the-money\u201d (kullan\u0131m fiyat\u0131 mevcut kurdan uzak) JPY al\u0131m opsiyonlar\u0131n\u0131 (call option: belirli fiyattan alma hakk\u0131) de\u011ferlendirebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
GBP\/JPY 213 alt\u0131nda yatay: \u0130ngiltere\u2019de s\u00fcrpriz d\u00fc\u015f\u00fck T\u00dcFE Sterlin\u2019i zay\u0131flatt\u0131. BoJ-BoE faiz fark\u0131 carry trade\u2019i canl\u0131 tutuyor, Yen bask\u0131da. 220\u2019ye atak, Japon m\u00fcdahalesi riskini art\u0131rabilir.<\/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-47081","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\/47081","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=47081"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47081\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}