In less than 5 minutes, USD/JPY pulled up a long white candle, rose more than 20 points, broke through to the 99.600 level, and then began to oscillate at the 99.600 level.

Chen Hui's account net value at the moment hit a new high again, soaring from the previous $4.6 billion to $5.4 billion. The 20 points that rose just now, the long position of 4 million contracts of USD/JPY is a profit of 800 million US dollars, and Chen Hui is extremely excited.

At 9 o'clock in the evening, USD/JPY rose again, breaking through to the 99.700 zone, and then began to fall slightly, moving up and down the 99.660-99.700 zone.

Chen's account equity rose again, reaching a maximum of $5.8 billion, and then fluctuated between $5.4 billion and $5.8 billion.

Chen Hui is not in a hurry to close the position, or lock a part of the position, Chen Hui feels that the rally has not yet come to an end.

By 10 p.m., USD/JPY broke through new highs again to 99.800. Between 8 p.m. and 10 p.m., there were two one-hour neutral white candlesticks in a row.

The net value of Chen Hui's account exceeded 6.2 billion US dollars.

After 10:30 a.m., USD/JPY fell by 10 points, reaching the 99.700 level, and then ..... this shock

Soon after, USD/JPY again rushed to the 99.800 level. After a while, it fell again to the 99.750 level, and then began to oscillate at high speed, fluctuating, within the 99.750 level to the 99.800 range.

However, the trend of continuing to break the position upwards is obvious.

At this moment, Toei, the headquarters of the Bank of Mitsubishi in Tokyo, Yamada looked at the USD/JPY chart with a depressed face, the trading volume was getting bigger and bigger, Yamada's heart was extremely uneasy, and he walked around the trading room......

At the moment, the Yamada team holds a short position of 3 million contracts of USD/JPY, with a loss of more than $3.5 billion in the account, and today USD/JPY has risen by more than 70 points. From the 99.050 level, it has risen to the 99.750 level today. Yamada lost 70 points today, or $2.1 billion, and plus yesterday's $1.4 billion loss, it was $3.5 billion.........

"Yamada-kun, are we closing the position? There are not many short positions at the moment," a trader asked nervously. For USD/JPY today, he is very worried and will continue to soar tonight.

"Yamada-kun, do we increase our positions short, at this moment USD/JPY may have peaked tonight," said another trader, who believes that USD/JPY will not rise tonight, and it has been rising very slowly today, although it rose by dozens of points in the evening, but now the USD/JPY rally has been suppressed.

Yamada is hesitating, and the advice of both subordinates makes sense... At this time, another trader said: "Yamada-kun, why don't we lock up some positions tonight and reduce some losses, now there are so many shorts, just give us the opportunity to lock up our positions, and see how the rally is tomorrow!"

"Yamada-kun, I also agree that if the USD/JPY trend falls tomorrow, we can close these locked positions and continue to suppress the decline of USD/JPY. Another trader came up with his own unique advice.

"Yo Xi! immediately go long 2 million lots of USD/JPY, 100,000 lots each time!" Yamada said immediately, agreeing with the suggestions made by the last two traders.

Yamada also felt that this method was feasible, so he made up his mind and locked up 2 million lots. Make sure that the losses do not continue to widen indefinitely tonight.

'Yes,' several traders said in unison, and immediately made an order of more than 100,000 lots.

The Yamada team made a long order, which instantly gave the market an advantage to the buyers, and USD/JPY rose again, immediately breaking through the 99.800 level, and then was suppressed by the bears from the high again, and the market began to stalemate.

The Yamada team played 100,000 orders again and again, and they were all eaten above or near 99.800..........

At this moment, Chen Hui began to short and lock up at the 99.800 position, which was different from the lock-up and buying of the Yamada team, Chen Hui locked up and frantically sold USD/JPY. Up to 200,000 lots can be shorted each time.

The Yamada team inadvertently collided with Chen Hui.

As long as the USD/JPY breaks through to the 99.800 position, Chen Hui will take the lead in shorting 200,000 lots and directly knock the USD/JPY back to its original shape.

The whole market was engaged by Chen Hui like this, and began to have a panic mood! It scared many short-term bulls. Profit is taken and positions are closed, and the bears continue to enter the market.

Chen Hui feels that the rally is basically over tonight, there are too many selling orders at 99.800, and there may be a pullback tomorrow, and the candlestick chart of the USD/JPY daily chart will return to the 5-day moving average again. Chen Hui also began to lock up his position, and Chen Hui planned to lock up 2 million lots.

Tonight's lock-up is to pull crazy in the future! Attract more bears to come in, and slaughter them in the future! When you close these 2 million short positions in the future, it is equivalent to buying 2 million long orders in the market. Thinking about Chen Hui makes me feel excited.

By 12 o'clock in the evening, Chen Hui had shorted 2 million lots of USD/JPY, and the USD/JPY rally had been suppressed. Chen Hui's average position of 2 million contracts of USD/JPY is at 99.800.

At the moment, Chen Hui holds a total of 4 million long positions in USD/JPY, 2 million contracts in short positions in USD/JPY, and a net long position of 2 million lots.

By 12:30 p.m., USD/JPY had lost 15 points and rose to a maximum of 99.850 at 11 p.m.

Chen Hui watched as USD/JPY was oscillating at 99.700 at the moment. Today's rally has been subdued.

Chen Hui's account net value has also shrunk by $200 million at the moment, sliding to $6 billion.

Chen Hui looked at the net value of the account of $6 billion, smiled with satisfaction, and then got up and walked out of the study and walked to the bathroom.

Chen Hui chose to lock up his position tonight because there were too many selling orders above the 99.800 position, which was suppressing USD/JPY, and then Chen Hui decided to grab the stock and lock his position first, because tomorrow USD/JPY may turn around and return to the 5-day moving average again.

After Meimei took a bath, Chen Hui pulled Zhou Xuefen, who was in the hall, into the bedroom, and the two were in harmony for half an hour before falling asleep.......

At this moment, Toei, the investment department of Bank of Tokyo-Mitsubishi, Yamada and several traders finally breathed a sigh of relief, thinking that this time the lock of 2 million hands would lead to a sharp rise in USD/JPY, and then the losses continued to expand, but I didn't expect that above the 99.800 position, there were so many shorts, and the selling orders were so turbulent. It's so terrifying that every time USD/JPY rushes up, it is immediately smashed down by huge selling orders.

Yamada felt that there were at least more than 5 million long orders for USD/JPY tonight, but they were still suppressed by hitting above the 99.800 level.

Seeing so many bears, Yamada and his subordinates were overjoyed, and finally there was hope again. Thankfully, they are very sensible in their lock-up.

"Yamada-kun, the short orders on 99.800 tonight are too strong, and they have eaten up almost all the long orders," one trader lamented

"Yes, Yamada-kun, we have hope again, tomorrow we close the long order of 2 million lots of USD/JPY, and we will definitely be able to lower USD/JPY to 99.000!" said another trader

"Yamada-kun, tonight we locked up 2 million lots, and now we have a net short of 1 million lots, and we still have a loss of $3.4 billion at the moment. A trader reminded that he was still very uneasy at the moment, he felt that the decline was only temporary, and it would rise more violently in the future, and Yamada and several colleagues were still insisting on being bearish.