Chapter 0319 - The Financial War of the Century 11
It was not until this time that all the trading bigwigs on the scene completely understood Qiao Tianyu's good intentions and knew what Qiao Tianyu wanted to do!
Aren't you Japanese awesome, and don't you Japanese have the backing of the G7 central banks and the six major international banking groups?
Today, I, Qiao Tianyu, am going to form a United Nations monetary force to fight against the six major international banking groups and the "Group of Seven" central banks of the Japanese!
I'm going to see if it's my UN monetary force that is powerful, or if you Japanese central bank coalition is awesome?!
You must know that the purchase of yen in the international foreign exchange market can not only be done with US dollars, after all, the yen, as an international reserve currency, must be freely convertible with the currencies of all other countries.
In this way, Qiao Tianyu's available trading funds are no longer limited to the hundreds of billions of dollars in the hands of the five major investment banks on Wall Street and a number of international hedge funds, but have become the currencies of all countries in the world, and the scale of trading funds has expanded several times?
This is also the real meaning of Qiao Tianyu's formation of this United Nations monetary force!
After thoroughly understanding Qiao Tianyu's "good intentions", all the bigwigs in the investment industry present also understood the truth that "the opportunity must not be lost, and the time will not come again", and they couldn't wait to issue trading instructions to their own trading officers.
"Goldman Sachs trading seats, all $300 billion in trading funds, the international foreign exchange market, yen pay, kill!"
"Merrill Lynch trading seats, all $250 billion trading seats, international foreign exchange market, yen pay, kill!"
"Quantum Fund Seat ......"
For a time, the entire trading hall was completely filled with all kinds of "killing" sounds, and the five major investment banks on Wall Street and a number of international hedge funds present at the scene had all their trading funds out and frantically bought yen in the international foreign exchange market.
Affected by this, the yen buy orders in the international foreign exchange market broke out like a torrent, and the amount of outstanding buy orders rose rapidly from 300 billion US dollars to 500 billion, 800 billion, 1 trillion, and 1.2 trillion......
With the blowout of yen buy orders, the follow-up investors who had just been scared off by the Bank of Japan's crazy orders also regained their confidence again, and once again brought back a huge amount of trading funds, and began to frantically sell yen orders.
The participation of follow-up investors has also accelerated the selling speed of yen buy orders, and the amount of unsettled yen buy orders in the international foreign exchange market has begun to grow exponentially, rapidly increasing from 1.2 trillion yuan to 1.6 trillion, 2 trillion yuan, 2.5 trillion yuan, and 3 trillion yuan.......
At this moment, Mr. Tanaka, who is located in the trading command hall of the Bank of Japan, has already been completely stunned by the crazy scene in the international foreign exchange market.
Mr. Tanaka was complacent about holding all of the Bank of Japan's $3.4 trillion in yen reserves, and he thought he would win.
Because according to Mr. Tanaka's calculations, even the five major investment banks on Wall Street and a number of international hedge funds, their total trading funds are only about 2 trillion US dollars, and the 3.4 trillion yen reserves in the Bank of Japan are enough to deal with it!
Of course, this is actually the reason why Mr. Tanaka dared to "accept the order in danger" just now and resolutely took over the "mess" of the international foreign exchange market.
At that time, he saw the critical timing of the strategic shift and played a clever trick to encourage the cabinet to hand over to him all of the Bank of Japan's $3.4 trillion yen reserves.
And he is confident that with those yen reserves enough, he can defeat the world's most invincible Wall Street five major investment banks and international hedge fund alliances, so as to become famous and successfully stand at the top of the world financial pyramid!
However, Mr. Tanaka made a lot of calculations, but he didn't expect Qiao Tianyu to be so crazy, and finally sacrificed such an overwhelming attack.
In addition, it has successfully triggered a collective attack on the yen by investment institutions around the world, and the current situation is completely beyond the ability of a single Bank of Japan to deal with.
Mr. Tanaka was terrified by what he saw, but he knew that he must not mess up now, and if he messed up, the whole of Japan would fail!
Therefore, Mr. Tanaka hurriedly instructed the Bank of Japan to use all its yen reserves to enter the international foreign exchange market to take orders, and to delay the large fluctuations in the yen exchange rate as much as possible.
On the other hand, Mr. Tanaka rushed to his "backer" for help and called the chairman of the Federal Reserve, Sir Alan Spangreen.
Sir Alan Spangreen has just vowed to the world on television that he will fully support the Bank of Japan in keeping the yen stable.
Now that the yen exchange rate is on the verge of collapse, Sir Alan Spangreen cannot sit idly by!
However, as soon as the call was called, Sir Alan Spangreen answered the call, and for Spangreen, tonight was destined to be a sleepless night.
Located in the Federal Reserve's trading command hall, his eyes have been staring at the large trading display screen in front of him, gaining insight into everything that is happening in front of him.
However, as the situation developed, Spangreen's face became more and more difficult to look at.
Especially when he saw that Qiao Tianyu actually formed the United Nations Monetary Force, led the five major investment banks on Wall Street and a number of international hedge funds to attack the yen, and even successfully triggered the joining of international hot money, Spangreen could not hide his loss, hid his face, and had to admit that the defeat was decided.
And at this time, Mr. Tanaka's phone call also came in.
"Mr. Spangreen, please think of a way to do it! The Bank of Japan really can't stand it! All of our $3.4 trillion is about to be wiped out, and the yen exchange rate is in danger of collapsing! Please save us Japan!"
Mr. Tanaka cried to Spangreen for help, and sent him to kneel and lick him.
"Save you?" Spangreen said in a trembling voice, "Tanaka, we don't have the yen in our hands, how can you let us save you?"
"He Qiao Tianyu is so powerful, the 'G7' central bank alliance that you worked so hard to build, I didn't expect it to be cracked by him with a simple reversal of the transaction, so we can't do it at all!"
"Forget it, you Japanese are not his opponents Qiao Tianyu, surrender!"
After saying that, Spangreen hung up the phone in frustration, and the frustration rushed over him like a tide, which made Spangreen, known as the "world financial czar", breathless.
He Spangreen has been in the world's financial circle for a lifetime, but he didn't expect to be defeated by a hairy boy in his twenties.
And let him swallow what he had just said alive, this great shame, how could he Sir Alan Spangreen swallow it?