HFM
HFM, formerly known as HotForex, is an award winning multi asset broker, providing trading services and facilities to both retail and institutional clients. HFM is a unified brand name of the HF Markets Group which encompasses internationally-licensed entities. The group was established in 2010 as an online #forex and commodities broker offering various account options, trading software and trading tools to deliver optimum trading conditions to individuals, Fund Managers and institutional customers. Retail, Introducing Brokers and White Label clients have the opportunity to access interbank spreads and liquidity via state-of-the-art automated trading platforms. Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure. Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. All data and references for the above were obtained from the following sources (unless otherwise specified): HFM Analysis (various articles), HFM Economic Calendar, and the MT4 platform.
HFM
HFM’s Outlook 2023: Japan and the Yen
The Japanese Yen was the weakest currency in 2022 because of the Bank of Japan’s commitment to maintaining a loose monetary policy, effectively widening the Yield differentials with other major economies – particularly the US. The Federal Reserve on the other hand was the most hawkish among the major central banks, hiking interest rates to the upper band of 4.50%. USDJPY rallied as high as 32% in 2022, in mid-October, before pulling back tangibly in the last 2 months of the year as the FED tilted less hawkish, slowing the pace of rate hikes.
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.