371. The Big Short is Coming!
The days passed quickly, and Chen Hui was accompanying Su Yanyan in the villa in Repulse Bay these days.
Chen Hui also instructed all the personnel of his subsidiaries to organize an engagement ceremony for himself, and there are only a few days before the New Year's Day, which is his engagement ceremony with Su Yanyan.
The parents of both parties are also preparing for the engagement of the two...
Chen Hui has also started to short USD/JPY these days, and now that USD/JPY has reached the 107.500 level, Chen Hui feels that it is a very good opportunity to short USD/JPY in the short term.
The USD/JPY bull market in the second half of 2013 has ended, and now it is the highest position area, and Chen Hui does not know where the highest position is. But the highest zone is in the range of 50 points from 107.000 to 107.500.
In terms of fundamentals, the direction of USD/JPY is significant, but it is very unlikely that the central bank and the government will continue to favor the depreciation of the yen to boost domestic exports.
On the one hand, Dongying enterprises also need to bear increasingly expensive imported raw materials and energy when enjoying the commodity price competitiveness brought about by the depreciation of the local currency, so the excessive depreciation of the local currency will bring about the increasingly narrowing of the value-added space of export enterprises in the industrial chain.
USD/JPY is still in the bullish arrangement of the moving average at the moment, and the daily K-line of USD/JPY has appeared 5 small white candles in a row, these are all small white candles, and they are all dragging a long tail on them, and the upward trend has begun to slowly become smaller.
Chen Hui also knows that many long-term bulls have also begun to close their positions, and the strength to support the rise of USD/JPY is getting smaller and smaller.
At that time, if a large-scale long position is closed, USD/JPY will also plummet shortly after the beginning of the new year, so now is a good time to open a short position!
"This round of USD/JPY bull market will also usher in a big pullback!" Chen Hui said secretly in his heart.
Now USD/JPY is starting to top, at least in the first half of 2014.
The whole candlestick pattern is also brewing a big evening star pattern...
The Evening Star pattern appears in an uptrend and consists of three more candlesticks. The first is a bullish candle, the second is a doji, and the third is a black candle. The third candlestick body goes deep into the first candlestick body·······
This is also the perfect opportunity to open a short position!
Chen Hui has built 200,000 short positions these days, and each time he opens a position, he is testing the highest level of USD/JPY. At one time, Chen Hui only shorted a few thousand hands.
The average position is 107.300, Chen Hui is still floating loss, holding a short order of 200,000 lots of USD/JPY, the fluctuation of one point is 2 million US dollars, and Chen Hui's floating loss is 40 million US dollars.
The $40 million was just a drizzle for Chen Hui, and Chen Hui didn't care about it at all.
If you open a position now, you can't do too much, too fast, if you put a short order of hundreds of thousands of USD/JPY at one time, it is estimated that the market will not be able to digest it, and it is easy to cause USD/JPY to plummet. Chen Hui didn't want to do this, so he slowly shorted at a high level and ate as much food as possible in the highest area.
At this moment, it was eight o'clock in the evening, and Chen Hui saw that the USD/JPY had rushed to the 107.500 position again, and immediately shorted 10,000 lots of USD/JPY!
Immediately knocked down the USD/JPY by 5 points before it was supported, and then the USD/JPY began to fluctuate, and after 5 minutes, it rushed up again, and Chen Hui immediately shorted 10,000 hands again and suppressed it again.
And so back and forth, many times over and over again, USD/JPY could no longer rush above the 107.500 level.
At the moment, it is oscillating above the 107.400 level, but the support at the 107.400 level is quite strong.
Chen Hui saw the trend of USD/JPY at this moment, and sneered: "Since everyone hasn't tested it, where is the highest point, then brother will make one, as long as USD/JPY rushes to the 107.500 position, brother will smash it down! Brother, this big short is coming!"
Just now, Chen Hui shorted 100,000 contracts of USD/JPY at the 107.500 position. Chen Hui currently holds a short position of 300,000 contracts on USD/JPY.
At nine o'clock, when the USD/JPY fell, Chen Hui seized the opportunity to short 5,000 USD/JPY again, and suddenly the USD/JPY fell by two points again, and then was supported again at 107.400, Chen Hui immediately continued to increase the short of 5,000 hands, and the USD/JPY failed to stand firm at 107.400.
After a little more than ten minutes, USD/JPY slipped 10 pips and reached the 107.300 level.
Chen Hui was immediately overjoyed and continued to increase his shorting of USD/JPY.
···· At this moment, Merrill Lynch's trading department, in a unique office...
Peter watched USD/JPY fall again, and at this moment it had fallen to the 107.300 level, and immediately opened a long order of 50,000 lots of USD/JPY.
In recent months, he has made a profit of up to $2 billion by going long USD/JPY on dips, which is really refreshing.
Each time it is a short-term operation, and the holding time will not exceed three days!
Now he is still bullish on USD/JPY, although the recent USD/JPY rally has begun to slowly become smaller, but he believes that USD/JPY still has a long upside, so he is not in a hurry.
Peter's long order of 50,000 lots of USD/JPY immediately swept away the short orders in the market, allowing USD/JPY to rush up again, rising from 107.300 to 107.390.
····
At this moment, as soon as the Dongying Government Pension Investment Fund came out of the office, Yamamoto looked a little depressed, and just wanted to buy tens of thousands of USD/JPY, but he didn't expect to be preempted.
Today, he has established a large long position of 2 million contracts on USD/JPY for the Dongying Government Pension Investment Fund.
USD/JPY, although it has been rising in a smaller way recently, is still in a strong state, and there has been a massacre of bears before, and he believes that USD/JPY will continue to rise after this bearish massacre.
The liquidation of Yamada Fund directly triggered the previous short massacre, triggering a huge financial earthquake, and now many Dongying banks are losing money and facing countless lawsuits.
Yamamoto sneered in his heart! This time, their long position of 2 million lots of USD/JPY made a total profit of 400 points, which adds up to $8 billion!
The recent trend of USD/JPY for more than a week is completely in line with his previous mental judgment, which makes Yamamoto a little happy.
Tonight, he intends to continue the upward trend of USD/JPY and start to build positions!