Chapter 536: The Great War Ends
In the evening, Xinghai management got together for a meal.
It's rare that they're all here, so it's time to get together.
Lu Yunfeng and Wei Zongru knew each other when they were in the United States, but they didn't have much communication, and the old Wei Zong's business community turned to academia, and then from academia to business, and after Xinghai Investment, he came to the front and became a big bull in the financial industry at the helm of HSBC.
Lu Yunfeng is not bad, and the executives of Xinghai Investment are overweight.
When the dinner was over, the others dispersed first, and Lao Wei was left behind.
"How is Wu Tianming?"
The specific situation of HSBC was reported by Lao Wei, and Shen Hui asked about Wu Tianming.
"I was determined to move to England. ”
Wei Zongru said: "Recently, I have been arranging work, I estimate that she will resign with you next month!"
Shen Hui was a little painful, this was really a plan that couldn't catch up with the changes, and it was hard to cultivate, but it was going to fly away, and it was just a matter of changing someone else, the key was his first secretary, who was too faceless.
However, everyone has the right to choose their own life, and this kind of thing is really not something he can control.
"Who can take over as CFO?"
After a few thoughts, Shen Hui was concerned about the CFO candidate.
This is the most important thing, I finally got the financial rights from HSBC, and it is impossible to give it up again.
Wei Zongru said: "Gong Xin is fine." ”
"Gong Xin?"
Shen Hui was a little surprised, that woman grew up so fast?
Wei Zongru said: "The same platform, some people adapt slowly, some people adapt quickly, Gong Xin is one of the fastest financial people I have ever seen to adapt to the environment, and Wall Street also has CFOs in their twenties!"
Shen Hui didn't speak, thought about it for a while, and then said, "Let her have time to come back, and I'll talk to her." ”
"Good!"
Wei Zongru nodded.
The day after the hedge fund summit, the foreign exchange market was calm and there was little change for the time being.
But many people are staring at the yen, feeling that this is the calm before the storm.
As expected, on the third day after the end of the hedge fund summit, the foreign exchange market resurged, led by several hedge funds on Wall Street with tens of billions of dollars, at least dozens of hedge funds with assets of more than $5 billion entered the market to short.
The bears came too violently, and they quickly re-hit USD/JPY below 1:110, and after the bulls reacted, large buying orders sprung up, and soon blocked the bears' offensive and fought around 1:110.
Xinghai Investment.
Shen Hui had been staring at the big trading room, and when he saw the bulls entering the market, he ordered: "Check where these buy orders came from." ”
After Huo Chenggang went out, he quickly came back and handed over a document, and reported actively: "These funds are all from the banking giants such as Daiichi Quanye Bank, Sumitomo Mitsui Bank, Mitsubishi Bank, and the Bank of Japan. ”
"The Japanese government couldn't resist intervening directly in the market so soon?
Shen Hui was a little surprised, looked at the trading market for a while, and then ordered: "Prepare to enter the market, short $10 billion before the market closes today, and cooperate with Wall Street to beat the yen below 1:113 and break through the lowest price of the year."
"Okay!"
Huo Chenggang immediately arranged it.
Shen Hui began to call: "Prepare to enter the venue." ”
One by one, the domestic private placements that had been waiting for a long time were immediately hit with chicken blood and began to enter the market to short.
With the entry of mainland capital, the bears' momentum rose again, and soon broke the 1:110 price, and the bulls saw that it was not good, and immediately retreated to the defense line, and hung a huge buy order at the lowest price of 1:113, ready to block the bears.
At the same time, the Japanese consortium led by the Bank of Japan frantically ate the yen, and the dollar began to compete fiercely against the yen around 1:113.
By the end of the afternoon, the USD/JPY exchange rate was finally fixed at 1:112.43, and the bears had a slight upper hand in the first encounter, and continued to fight the next morning, still failing to break through the year's lowest price of 1:113.42.
The bears have a lot of money and plenty of ammunition.
Soon after the opening of the afternoon session, just as the long and short sides continued to fight, another new force came in and began to kill.
"Go find out where you got it. ”
Shen Hui has been staring at the whole time, not daring to be distracted, this sudden appearance of the main force made him frown for a while, although they are allies, but an ally of unknown origin means all kinds of uncertain factors, so it is natural to find out the details.
Huo Chenggang came back soon: "It's the funds of several Korean consortia. ”
"What a fun stick to make up!"
Shen Hui breathed a sigh of relief, although the stick was annoying, but the country was weak and couldn't make any waves, so he didn't have to worry too much.
The stick has always looked at Lao Mei's eyes, and it is not surprising that he was called by his American father to assist.
And with the addition of this new force, the defense line arranged by the bulls at 1:113.42 immediately crumbled, and the long and short sides invested a lot of money to fight around 1:113, and the battle was unprecedentedly fierce, and a huge turnover of 200 billion US dollars was set in one day, and the media was excited, all kinds of speculation and prediction, and experts took the opportunity to come out to sell saliva.
On the self-media platforms of various financial channels, there are many famous mouths.
This expert said that the yen has encountered a strong short-term shot by international speculators, and Japan's financial system is facing huge challenges, and if it is not dealt with well, the dividends of Japan's decades of development may be scraped by international speculators, and thanks to the scale of Japan's economy, it is not easy for international speculators to kill the yen and grab the fat, because the Japanese government will definitely intervene in the market.
The expert said that the turmoil of the yen indicates a new round of reshuffle in the global capital market, and it is still unknown who will die, and judging from the economic volume of the developed countries that are currently ranking among the top in the world, international speculators may be hit head-on when they force the yen short.
Experts from all walks of life have their own opinions, and they have expressed their opinions to attract attention.
In fact, if you look at it a few times, you will see that it is all fart.
Ambiguity is an expert's forte.
Investors watched it, and they didn't know which side these experts were optimistic about, so there was a large number of voices of condemnation.
On the third day, the battle between the bulls and the two sides was fierce, and the single-day turnover approached 300 billion US dollars.
Xinghai Investment Trading Room.
On the morning of the fourth day, the US Department of Commerce held a press conference and decided to launch an anti-dumping investigation on dozens of auto parts and electronic products originating in Japan, and announced that during the investigation, a compulsory tariff of 50 percent would be imposed on these imported goods of Japanese origin.
Immediately afterwards, the Chinese and South Korean governments also successively issued a list of anti-dumping investigation commodities against Japan, which instantly hit Japan's export trade hard, and those who have been waiting on the periphery and did not dare to end up easily The peripheral investors immediately keenly smelled a trace of unusual flavor and began to enter the market one after another to join the ranks of shorting the yen.
The 1:113 defense line was broken on the same day, and the bulls led by the Bank of Japan took the initiative to retreat backwards under the huge short selling pressure, and moved to the technical support of 1:117.56 to rearrange the defense line and block international speculators from all over the world.
Seeing that the main force of the bears took the initiative to retreat, some of the over-the-counter investors who were still waiting and watched no longer hesitated, and began to short the yen in a big way, which made the bullish joint forces that were already on the strong side like a tiger, and it took only two hours to hit the yen to around 1:117, and the Bank of Japan, Bank of Mitsubishi, Daiichi Quanye Bank, Japanese financial institutions led by Sumitomo Mitsui Banking Corporation could only watch the large amount of money invested in the foreign exchange market be quickly scraped by various international speculators who flocked in, and had no choice but to ask the Japanese government for help, and at the same time retreated again, laying the last line of defense at the psychological price level around 1:120.
On July 23, the Japanese government allocated foreign exchange reserves to enter the rescue market, and the long and short sides fought fiercely again around 1:119.68, making the Tokyo foreign exchange market set a record of 462.154 billion US dollars in a single day.
In the face of international speculators who have more ammunition in their hands than Japan's foreign exchange reserves, the 100 billion dollars that the Japanese government has invested in bailing out the market can only stabilize the yen at around 1:119.68. However, at this critical moment, HSBC suddenly announced the reduction of the credit rating of the yen, and began to sell a large number of yen, and then **** bank, Société Générale, and Deutsche Bank also announced the reduction of the credit rating of the yen, which aggravated the banking industry's concerns about the future trend of the yen, and the domino effect made a large number of banks also join the ranks of selling the yen.
The defense line laid by the main bears around 1:119.68 was broken in an instant, and they had to transfer a large amount of money from foreign exchange reserves again to save the market, and retreated directly to the vicinity of 1:130 to rearm.
It is said that the new prime minister secretly summoned Mitsui, Mitsubishi, Sumitomo, Daiichi Koye and other chaebols to lobby these super chaebols, who actually control the lifeblood of the Japanese economy, to mobilize funds to enter the foreign exchange market and join the war against the yen.
Japan's economic lifeline has always been in the hands of the major chaebols, such as Mitsubishi Bank, Mitsui Sumitomo Bank, Daiichi Koyo Bank, etc., which are all part of the chaebols, and well-known multinational companies such as Toyota, Sony, Panasonic, and Honda are also part of these chaebols, and the assets and wealth controlled by each chaebol are rivaled by the country.
On July 26, the Japanese chaebol led by Mitsubishi and Mitsui joined forces to enter the market and sold a large number of dollars to buy yen, which finally blocked the bears' downward trend and stopped the yen's decline around 1:126.78.
At this time, the main bears, who had made huge profits in the early stage, began to cash out.
Thanks to the efforts of the six chaebols, the yen began to recover slightly.
According to later statistics, this yen resistance war cost Japan at least $500 billion.
The proposal to expand the Self-Defense Forces was not yet on the agenda, and it had to be stillborn.