{"id":54131,"date":"2026-09-17T13:52:58","date_gmt":"2026-09-17T13:52:58","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/gbp-jpy-boenin-faizleri-sabit-tutmasi-ve-japonya-merkez-bankasi-karari-oncesinde-yenin-guclenmesiyle-geriledi\/"},"modified":"2026-09-17T13:52:58","modified_gmt":"2026-09-17T13:52:58","slug":"gbp-jpy-boenin-faizleri-sabit-tutmasi-ve-japonya-merkez-bankasi-karari-oncesinde-yenin-guclenmesiyle-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/gbp-jpy-boenin-faizleri-sabit-tutmasi-ve-japonya-merkez-bankasi-karari-oncesinde-yenin-guclenmesiyle-geriledi\/","title":{"rendered":"GBP\/JPY, BoE\u2019nin faizleri sabit tutmas\u0131 ve Japonya Merkez Bankas\u0131 karar\u0131 \u00f6ncesinde yenin g\u00fc\u00e7lenmesiyle geriledi"},"content":{"rendered":"

GBP\/JPY, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) politika karar\u0131n\u0131n ard\u0131ndan sterlinin zay\u0131flamas\u0131yla per\u015fembe g\u00fcn\u00fc bask\u0131 alt\u0131nda kald\u0131. \u00c7apraz kur 208,23 civar\u0131nda i\u015flem g\u00f6r\u00fcrken g\u00fcn i\u00e7inde %0,40 geriledi. BoE, beklentilere paralel \u015fekilde 6\u20133 oyla Banka Faizi\u2019ni %3,75\u2019te sabit tuttu. Ba\u015fekonomist Huw Pill, d\u0131\u015f \u00fcyeler Megan Greene ve Catherine Mann ile birlikte faizin 25 baz puan art\u0131r\u0131larak %4,00\u2019e \u00e7\u0131kar\u0131lmas\u0131n\u0131 destekledi.<\/p>\n

BoE, Orta Do\u011fu\u2019daki sava\u015fla ba\u011flant\u0131l\u0131 y\u00fckselen enerji fiyatlar\u0131n\u0131 gerek\u00e7e g\u00f6stererek enflasyon risklerinin yukar\u0131 y\u00f6nl\u00fc oldu\u011funu belirtti ve ekonominin bir enerji \u015fokuna uyum sa\u011flarken enflasyonu kal\u0131c\u0131 bi\u00e7imde %2 hedefine geri d\u00f6nd\u00fcrme amac\u0131n\u0131 yineledi. Kurum ayr\u0131ca, yurti\u00e7i fiyatlar ve \u00fccretlerde \u015fu ana kadar ikinci tur etkilerine dair s\u0131n\u0131rl\u0131 kan\u0131t bulundu\u011funu ifade etti ve \u00e7at\u0131\u015fman\u0131n ba\u015flamas\u0131ndan bu yana, ayr\u0131ca temmuzdan sonra daha da belirginle\u015fen finansal ko\u015fullardaki s\u0131k\u0131la\u015fman\u0131n bor\u00e7lanma maliyetlerini y\u00fckseltti\u011fini not etti. BoE Ba\u015fkan\u0131 Andrew Bailey, \u00e7at\u0131\u015fman\u0131n s\u00fcrmesi ve ikinci tur risklerinin artmas\u0131 halinde politikan\u0131n daha da s\u0131k\u0131la\u015fabilece\u011fini s\u00f6yledi; ancak sterlin de\u011fer kazanmad\u0131. Piyasada, de\u011fi\u015fmeyen 6\u20133 oy da\u011f\u0131l\u0131m\u0131 ve Birle\u015fik Krall\u0131k i\u015fg\u00fcc\u00fc piyasas\u0131nda gev\u015femeye i\u015faret eden sinyaller \u00f6n plandayd\u0131. Bu arada yen, cuma g\u00fcnk\u00fc Japonya Merkez Bankas\u0131 (BoJ) karar\u0131 \u00f6ncesinde daha iyi performans g\u00f6sterdi; piyasalar 25 baz puanl\u0131k art\u0131\u015f\u0131 tamamen fiyatlam\u0131\u015f durumda ve s\u0131k\u0131la\u015ft\u0131rma h\u0131z\u0131na ili\u015fkin y\u00f6nlendirme bekleniyor.<\/p>\n

Politika Ayr\u0131\u015fmas\u0131 Sonras\u0131 GBP\/JPY \u0130\u00e7in A\u015fa\u011f\u0131 Y\u00f6nl\u00fc Riskler<\/h3>\n

T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131n\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda GBP\/JPY paritesinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bir trende haz\u0131rl\u0131kl\u0131 olmas\u0131 gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Kurun h\u00e2lihaz\u0131rda 208,23 civar\u0131nda i\u015flem g\u00f6rmesiyle birlikte parite, Temmuz 2024\u2019te 208,58\u2019e ula\u015ft\u0131\u011f\u0131 \u00e7ok y\u0131ll\u0131 zirveler d\u00f6neminde g\u00f6r\u00fclen g\u00fc\u00e7l\u00fc diren\u00e7 seviyelerini test ediyor. \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n so\u011fuyan i\u015fg\u00fcc\u00fc piyasas\u0131 ortam\u0131nda faizi %3,75\u2019te tutma karar\u0131, sterlinin yukar\u0131 k\u0131r\u0131l\u0131m yapmas\u0131 i\u00e7in gerekli i\u00e7 dinami\u011fi zay\u0131flat\u0131yor.<\/p>\n

Opsiyon Stratejileri ve Makro Zemin D\u00fc\u015f\u00fc\u015f Beklentisini Destekliyor<\/h3>\n

Bu kurguya oynayabilmek i\u00e7in, yar\u0131nki BoJ karar\u0131 \u00f6ncesinde d\u00fc\u015f\u00fc\u015fe pozisyon almak amac\u0131yla GBP\/JPY sat\u0131m (put) opsiyonlar\u0131n\u0131n kullan\u0131lmas\u0131n\u0131 \u00f6neriyoruz. Piyasalar Tokyo\u2019dan 25 baz puanl\u0131k faiz art\u0131\u015f\u0131n\u0131 zaten tamamen fiyatlad\u0131\u011f\u0131 i\u00e7in, gelecekteki s\u0131k\u0131la\u015ft\u0131rmaya ili\u015fkin \u015fahin sinyaller Yen\u2019de g\u00fc\u00e7l\u00fc bir ralliyi tetikleyebilir. Tarihsel olarak benzer para politikas\u0131 ayr\u0131\u015fmalar\u0131, carry trade pozisyonlar\u0131n\u0131n h\u0131zl\u0131 \u00e7\u00f6z\u00fclmesine yol a\u00e7arak bu \u00e7apraz\u0131 k\u0131sa s\u00fcrede birka\u00e7 y\u00fczde puan a\u015fa\u011f\u0131 itebildi.<\/p>\n

K\u0131sa vadeli GBP\/JPY opsiyonlar\u0131nda ima edilen volatilite son d\u00f6nemde %11,5\u2019e do\u011fru y\u00fckseldi; bu da piyasan\u0131n sert hareketler bekledi\u011fine i\u015faret ediyor. Y\u00fcksek volatilite ortam\u0131nda opsiyon al\u0131m maliyetini d\u00fc\u015f\u00fcrmek i\u00e7in, 202,00 destek seviyesine do\u011fru bir geri \u00e7ekilmeyi hedefleyen ay\u0131 (bear) put spread stratejilerinin kullan\u0131lmas\u0131n\u0131 \u00f6neriyoruz. Bu strateji, BoJ\u2019un beklentileri kar\u015f\u0131lamamas\u0131 halinde \u00f6denen prim riskini s\u0131n\u0131rland\u0131r\u0131rken, Yen\u2019in g\u00fc\u00e7lenmesi durumunda h\u00e2l\u00e2 g\u00fc\u00e7l\u00fc getiri potansiyeli sunar.<\/p>\n

D\u00fc\u015f\u00fc\u015f senaryomuz, i\u015fsizlik oran\u0131n\u0131n son d\u00f6nemde %4,2\u2019ye y\u00fckselmesi dahil zay\u0131flayan Birle\u015fik Krall\u0131k verileri taraf\u0131ndan da destekleniyor. Bailey enflasyona dair uyar\u0131lar\u0131n\u0131 s\u00fcrd\u00fcrse bile, \u00fccret art\u0131\u015flar\u0131 yava\u015flarken yat\u0131r\u0131mc\u0131lar\u0131n bu \u015fahin s\u00f6ylemi b\u00fcy\u00fck \u00f6l\u00e7\u00fcde g\u00f6rmezden gelmesini bekliyoruz. Merkez bankas\u0131 politikalar\u0131ndaki bu belirgin ayr\u0131\u015fma, ay\u0131n geri kalan\u0131nda GBP\/JPY\u2019de k\u0131sa pozisyonu ana oda\u011f\u0131m\u0131z haline getiriyor.<\/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":"

Sterlin BoE karar\u0131yla zay\u0131flad\u0131: GBP\/JPY 208,23\u2019te %0,40 d\u00fc\u015ft\u00fc. 6\u20133\u2019l\u00fck \u201cpas\u201d gelecek s\u0131k\u0131la\u015fma sinyallerini g\u00f6lgeledi. BoJ\u2019dan olas\u0131 \u015fahin s\u00fcrprizle Yen g\u00fc\u00e7lenebilir; put spread\/202 hedefi.<\/p>\n","protected":false},"author":87,"featured_media":49973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-54131","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