{"id":69093,"date":"2026-09-29T15:51:44","date_gmt":"2026-09-29T15:51:44","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/gbp-jpy-slips-as-yen-intervention-talk-grows-and-sterling-faces-budget-and-growth-headwinds\/"},"modified":"2026-09-29T15:51:44","modified_gmt":"2026-09-29T15:51:44","slug":"gbp-jpy-slips-as-yen-intervention-talk-grows-and-sterling-faces-budget-and-growth-headwinds","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/gbp-jpy-slips-as-yen-intervention-talk-grows-and-sterling-faces-budget-and-growth-headwinds\/","title":{"rendered":"GBP\/JPY, yen m\u00fcdahalesi s\u00f6ylentilerinin artmas\u0131 ve sterlinin b\u00fct\u00e7e ile b\u00fcy\u00fcme bask\u0131lar\u0131yla kar\u015f\u0131 kar\u015f\u0131ya kalmas\u0131yla geriliyor"},"content":{"rendered":"

GBP\/JPY Sal\u0131 g\u00fcn\u00fc, Yen\u2019in ba\u015fl\u0131ca para birimlerine kar\u015f\u0131 daha iyi performans g\u00f6stermesiyle geriledi; Japonya\u2019n\u0131n yeniden m\u00fcdahalesine y\u00f6nelik s\u00f6ylemler de para birimini destekledi. \u00c7apraz 208,20 civar\u0131nda i\u015flem g\u00f6r\u00fcrken, Eyl\u00fcl ay\u0131ndaki 207 seviyesine yak\u0131n dip b\u00f6lgesine do\u011fru yeniden y\u00f6neldi. Japonya Maliye Bakan\u0131, de\u011fersiz bir Yen\u2019in sorun yaratt\u0131\u011f\u0131n\u0131 ve Tokyo\u2019nun istikrarl\u0131 d\u00f6viz piyasalar\u0131n\u0131 te\u015fvik etmek amac\u0131yla ABD Hazine Bakanl\u0131\u011f\u0131 ile yak\u0131n temaslar\u0131n\u0131 s\u00fcrd\u00fcrece\u011fini s\u00f6yledi. Bu a\u00e7\u0131klama, daha \u00f6nce para birimindeki zay\u0131fl\u0131\u011fa ili\u015fkin resmi uyar\u0131lar\u0131n ard\u0131ndan geldi.<\/p>\n\n

Sterlin cephesi ise k\u0131r\u0131lgan seyrini korudu; HSBC, Birle\u015fik Krall\u0131k\u2019ta zay\u0131f i\u015fg\u00fcc\u00fc talebine ve \u00f6zel sekt\u00f6r ivmesindeki yava\u015flamaya i\u015faret etti. Piyasalar, Temmuz 2027\u2019ye kadar \u0130ngiltere Merkez Bankas\u0131\u2019ndan (BoE) yakla\u015f\u0131k 100 baz puanl\u0131k s\u0131k\u0131la\u015fma fiyatl\u0131yor. Ancak artan enerji fiyatlar\u0131 politika bile\u015fimini karma\u015f\u0131kla\u015ft\u0131r\u0131yor; b\u00fcy\u00fcme zay\u0131flarken enflasyon riskleri y\u00fckseliyor. HSBC ayr\u0131ca, y\u00fcksek gilt getirileri ve zorlay\u0131c\u0131 mali tercihler nedeniyle 28 Ekim\u2019de a\u00e7\u0131klanacak b\u00fct\u00e7e g\u00fcncellemesini bir di\u011fer olas\u0131 bask\u0131 unsuru olarak \u00f6ne \u00e7\u0131kard\u0131.<\/p>\n\n

Teknik a\u00e7\u0131dan GBP\/JPY, 50 g\u00fcnl\u00fck, 100 g\u00fcnl\u00fck ve 200 g\u00fcnl\u00fck SMA\u2019lar\u0131n alt\u0131nda kal\u0131rken, RSI 36 civar\u0131nda ve MACD hafif pozitifti. Diren\u00e7 seviyeleri 210 ve 212, ard\u0131ndan 213,13\u2013213,19 band\u0131 ve 214 olarak izlenirken; destekler 207 ve 205 yak\u0131n\u0131nda bulunuyor.<\/p>\n\n

GBP\/JPY i\u00e7in D\u00fc\u015f\u00fc\u015f Y\u00f6nl\u00fc Opsiyon Stratejileri<\/h3>\n\n

T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131na, \u00f6n\u00fcm\u00fczdeki haftalarda GBP\/JPY\u2019de ilave geri \u00e7ekilmeye pozisyon almak i\u00e7in d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc opsiyon stratejilerinden yararlanmalar\u0131n\u0131 \u00f6neriyoruz; \u00f6rne\u011fin 205,00 seviyesini hedefleyen, kullan\u0131m fiyat\u0131 parite d\u0131\u015f\u0131 (out-of-the-money) put opsiyonlar\u0131 sat\u0131n almak gibi. Paritenin \u015fu anda 208,20 civar\u0131nda gezindi\u011fi ve Eyl\u00fcl deste\u011fi olan 207,00\u2019yi k\u0131rma tehdidi ta\u015f\u0131d\u0131\u011f\u0131 d\u00fc\u015f\u00fcn\u00fcld\u00fc\u011f\u00fcnde, teknik g\u00f6r\u00fcn\u00fcm belirgin \u015fekilde sat\u0131c\u0131lar\u0131n lehine. Bu temkinli duru\u015fu, g\u00fcnl\u00fck RSI\u2019\u0131n 36 seviyesinde bulunmas\u0131 da destekliyor; parite teknik olarak a\u015f\u0131r\u0131 sat\u0131m b\u00f6lgesine girmeden \u00f6nce a\u015fa\u011f\u0131 y\u00f6nl\u00fc ivme i\u00e7in h\u00e2l\u00e2 ciddi alan var.<\/p>\n\n

D\u00fc\u015f\u00fc\u015f g\u00f6r\u00fc\u015f\u00fcm\u00fcz, Tokyo\u2019dan gelen ve giderek sertle\u015fen m\u00fcdahale uyar\u0131lar\u0131yla da g\u00fc\u00e7l\u00fc bi\u00e7imde peki\u015fiyor; bu t\u00fcr mesajlar\u0131n tarihsel olarak piyasalar \u00fczerindeki etkisi b\u00fcy\u00fck. \u00d6rnek olarak, Japonya Maliye Bakanl\u0131\u011f\u0131 2024\u2019\u00fcn Nisan sonu ve May\u0131s aylar\u0131nda para birimini desteklemek i\u00e7in rekor 9,8 trilyon yen (yakla\u015f\u0131k 62 milyar dolar) harcad\u0131; bu da spek\u00fclat\u00f6rleri cezaland\u0131rmak i\u00e7in b\u00fcy\u00fck sermaye kullanmaya son derece istekli olduklar\u0131n\u0131 g\u00f6steriyor. Maliye Bakan\u0131 Satsuki Katayama ve kur diplomasisi taraf\u0131nda Atsushi Mimura\u2019dan gelen son sert uyar\u0131lar \u0131\u015f\u0131\u011f\u0131nda, hedge edilmemi\u015f uzun pozisyonlar\u0131 kolayca silebilecek ani ve keskin JPY rallileri bekliyoruz.<\/p>\n\n

\u0130ngiliz Sterlini i\u00e7in Temel Bask\u0131lar<\/h3>\n\n

\u0130\u015flemin di\u011fer taraf\u0131nda ise, 28 Ekim\u2019de planlanan kritik Birle\u015fik Krall\u0131k sonbahar b\u00fct\u00e7e g\u00fcncellemesi \u00f6ncesinde Sterlin \u00fczerinde artan temel bask\u0131lar g\u00f6r\u00fcyoruz. Tarihsel olarak, Birle\u015fik Krall\u0131k maliye politikas\u0131 duyurular\u0131 gilt getirileri ve sterlinde a\u015f\u0131r\u0131 oynakl\u0131\u011f\u0131 tetikleyebiliyor; t\u0131pk\u0131 2022\u2019deki b\u00fct\u00e7e krizinde oldu\u011fu gibi, sterlin ba\u015fl\u0131ca t\u00fcm paritelerde sert de\u011fer kaybetmi\u015fti. HSBC\u2019nin zay\u0131f i\u015fg\u00fcc\u00fc talebi ve y\u00fcksek enerji fiyatlar\u0131 nedeniyle zorlay\u0131c\u0131 b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fc \u00f6ng\u00f6rmesiyle birlikte, Sterlin i\u00e7in en d\u00fc\u015f\u00fck diren\u00e7li y\u00f6n\u00fcn net \u015fekilde a\u015fa\u011f\u0131 oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p>\n\n

Bu y\u00fcksek riskli ortamda, yat\u0131r\u0131mc\u0131lar\u0131n y\u00fckselen ima edilen volatilite (implied volatility) primlerinin etkisini s\u0131n\u0131rlamak i\u00e7in bear put spread gibi stratejileri de\u011ferlendirmesini \u00f6neriyoruz. GBP\/JPY, 210,00 ile 212,00 aras\u0131ndaki yak\u0131n diren\u00e7 b\u00f6lgesini a\u015famazsa d\u00fc\u015f\u00fc\u015f trendi tamamen korunuyor. Tan\u0131ml\u0131 riskli opsiyonlarla olas\u0131 zararlar\u0131 s\u0131n\u0131rlayarak, ani Japon h\u00fck\u00fcmeti m\u00fcdahalelerine haz\u0131rl\u0131ks\u0131z yakalanmadan 205,00 deste\u011fine do\u011fru daha derin bir geri \u00e7ekilmeyi g\u00fcvenli bi\u00e7imde hedefleyebiliriz.<\/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":"

M\u00fcdahale uyar\u0131lar\u0131 Yen\u2019i g\u00fc\u00e7lendirdi, GBP\/JPY 208,20\u2019de 207 deste\u011fine yakla\u015f\u0131yor. Sterlin zay\u0131f, BoE s\u0131k\u0131la\u015fmas\u0131 s\u0131n\u0131rl\u0131. Teknikler sat\u0131c\u0131 lehine; 207 k\u0131r\u0131l\u0131rsa 205 hedefli put\/bear spread \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":69092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-69093","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