Chen Hui was not in a hurry to close the position, Chen Hui knew that he was going to cripple the shorts tonight, and today he would kill the bulls first, and then the shorts.

By 08:45, USD/JPY was at the level of 98.350. Begin to move forward slowly.

By 9 o'clock, USD/JPY had risen to 98.400, and Chen Hui's account equity was $290 million.

At this moment, USD/JPY is once again moving towards the previous level of 98.500.

At this moment, Chen Hui knew that it would rise by at least 40 to 50 points tonight. Break through the previous high of the week. A heavy blow to the short-term bears here.

At the moment, Mitsubishi Bank's investment department, Yamada's team is struggling with whether to stop loss and close positions, and it is clear that the USD/JPY trend is strong at the moment. It is very likely that it will break through new highs and then make new ones

"Yamada-kun, do we choose to close the position at this moment, and now we have a floating loss of 50 million US dollars on our books. A trader asked nervously

"And just now we have missed the opportunity to close the position on a pullback, and now USD/JPY is starting to rise again, and is about to break through the rhythm of 98.500!" reminded another trader

"Yamada-kun, we may break through a new high tonight, and then make a new high, and if we don't close the position now, we may lose even more!" reminded another trader

Yamada is doing a psychological struggle at the moment, and he is now losing 50 million US dollars in closing the position, and if he does not close the position, he may lose even more! After walking back and forth a few times, Yamada said with a distorted expression: "Don't close the position! Let's see if it can break through the area of 98.770, the highest level of the week." Believe in ourselves, we are right, don't doubt ourselves because of temporary fluctuations!"

At this moment, Yamada is completely cheering himself up, unwilling to fail, and does not want to admit his mistakes, Yamada knows that if he does not admit his mistakes this time, he may be slapped in the face by the market.

But Yamada is desperate at the moment, and he doesn't cry if he doesn't call the coffin!

At this time, USD/JPY, on the verge of breaking through 98.500, again encountered resistance and fell another 10 pips, slowing down its rally. It has started to oscillate and retrace at 98.400 again.

The Yamada team was undoubtedly relieved to see this. Previously they were worried that USD/JPY would break through the 98.500 level again and then make a new high, then they would undoubtedly have to lose more money on the books!

But at 9:45 p.m., the positive news for the dollar came again. Team Yamada's goddess of doom has struck again, and Lady Luck is once again dismissive of them!

St. Louis Fed President James Bullard spoke at the Dallas Economic Forum, and the better non-farm payrolls data this time increased the likelihood of tapering QE in December..................

Bullard said, "The better non-farm payrolls data this time will strengthen the Fed's expectations of tapering bond purchases, and will also increase the likelihood that the Fed will tapering bond purchases in December." ”

Joseph LaVorgna, chief U.S. analyst at Deutsche Bank, previously said that if the employment data shows strong growth again, it will increase the likelihood that officials will decide to taper bond purchases.

Jimmy, who belongs to Citibank, held a press conference and said: "The U.S. non-farm and unemployment data far exceeded expectations, indicating that the U.S. labor market has further improved.

Market expectations for the Fed to taper quantitative easing in the short term continue to rise, which pushes the dollar higher, putting pressure on the yen, gold, and silver, and other non-US currencies have also retreated significantly.

Investors will need to focus on the Fed's last meeting of the year, especially Fed Chairman Ben Bernanke's speech. If the tapering of easing is revealed, it will put more downward pressure on gold and silver.

And I undoubtedly recommend going long the dollar! I am optimistic about the U.S. economy, and I am optimistic that the U.S. monetary easing will end in December. “

………………

When these overwhelming news of the US dollar appeared, the USD/JPY rally, which had been weak, began to break through to the upside.

After 15 minutes, USD/JPY rose by more than 10 pips and reached the 98.500 level.

After another 30 minutes, USD/JPY fluctuated for a while, and after a while, it rose another 10 pips, reaching the 98.600 level.

Yamada stared at the USD/JPY market, and when he saw Citibank's Jimmy's press conference, he immediately burst into anger and said, "Baga!! Despicable Yankee!"

"Yamada-kun, are we starting to close the position?" A trader reminded him that he saw that Yamada was in extreme mood at the moment.

"Didn't you hear what I said just now, let's talk about it when we reach the highest position of the week, the 98.770 area!" Yamada said with a calm face

After a few minutes, Yamada sighed and instructed his subordinates: "Set the stop loss at the 98.770 level, break through this position, and close all positions!"

Yamada is preparing to close a short order of 200,000 lots at once when USD/JPY breaks through to the 98.770 level.

At this time, USD/JPY continued to grow, breaking through new highs one after another, and is now heading towards the 98.700 zone.

At this time, a lot of selling orders suddenly appeared, and USD/JPY stopped its rally again, oscillating back and forth between 98.600 and 98.700.

Chen Hui's account net value at the moment soared all the way from $290 million to $310 million, and then continued to soar to $330 million.

It then fluctuated between $330 million and $350 million.

By near 12 o'clock in the evening, USD/JPY rose again and finally broke through the 98.700 level.

Chen Hui's account net value has also reached $350 million.

At this time, it is time to prepare for a good show, Chen Hui knows that it is about to rise above the previous high, and many bears are forced to stop their losses or close their positions in this area, causing USD/JPY to rise further.

Immediately, Chen Hui in the study shouted outside: "Did Fen Fen sleep, help me make a cup of Blue Mountain coffee?"

"Oh oh, right away, young master, you wait" Zhou Xuefen immediately said, Zhou Xuefen is in the hall at the moment, watching TV, she wants to accompany Chen Hui, Chen Hui will sleep whenever she wants.

After a while, Zhou Xuefen brewed a cup of Blue Mountain coffee and walked in gently.........

Chen Hui was sipping coffee while looking at the USD/JPY chart, which is slowly advancing towards the 98.770 area.

At this moment, at the headquarters of the investment department of Mitsubishi Bank, Yamada said dejectedly: "If USD/JPY breaks through to 98.800, all positions will be closed."

"Yes, Yamada-kun," the traders said

After 10 minutes, USD/JPY finally broke through the 98.770 level and continued to rise. A break above the 98.800 level is imminent.

At this time, after a pause of a few seconds, USD/JPY suddenly appeared with a one-minute oversized white candlestick, which jumped 23 points and broke through to the 99.000 level.

Chen Hui only knew that at this time, it must have been caused by the large-scale liquidation of the short positions, or the stop loss. Throwing off so many buy orders caused USD/JPY to jump directly.

Immediately, Chen Hui knew that this was the time to lock up the position, and without the slightest hesitation, Chen Hui threw off 200,000 hands and went out.