Today is Friday, the Asian session opened at 98.100 in the morning, the Asian session was not very large, and there was little movement in USD/JPY. From 97.990 to 98.100, this 10-point range is around the range. Chen Hui's net worth has not changed much.

USD/JPY closed yesterday at 98.110.

At the moment, the USD/JPY pair is at 98.050, and Chen Hui's net worth is $1.24 billion.

After another 15 minutes, at 12:45, USD/JPY rose another 6 points, breaking through 98.100 and opening today at 98.110.

Chen Hui knew that the USD/JPY was going to start rising when it came to the European market, and the day of the bulls' big counterattack was about to start from the European market, and Chen Hui immediately began to continue to increase his position to be long, and the trading volume of the USD/JPY was expanding at the moment, but it was not very large.

In order to better eat at a low level, Chen Hui chose to buy 5,000 lots of USD/JPY at a time to prevent USD/JPY from rising too fast. Immediately, Chen Hui immediately placed a long order of 5,000 lots of USD/JPY.

At this moment, Toying Tokyo Mitsubishi Bank Investment Department, Yamada is staring at the USD/JPY market. Unexpectedly, the USD/JPY only fell by 10 points in the Asian session, and it couldn't fall anymore, and it has been a shock, and Yamada did not enter the market to hit USD/JPY in the morning. Because there are still a lot of shorts in the market. There is no need to suppress it, but at this moment the USD/JPY has begun to rise, breaking through the 98.100 position to reach the 98.110 position, and Yamada's 600,000 contracts of USD/JPY short position is open at 98.100, and Yamada's book just has a point of floating loss, with a book loss of 6 million US dollars.

"Yamada-kun, are we starting to suppress USD/JPY now?" asked one trader, at the moment USD/JPY is starting to rise and the bears in the market are decreasing. If they don't go in and suppress it, then USD/JPY may rise even more. There will only be fewer and fewer bears.

"Yamada-kun at this moment, if we enter the suppression, there is no doubt that we really hit the muzzle, this morning the USD/JPY has been supported, many bears have begun to give up the suppression, if we go in at this moment to suppress, maybe we will lose more than 6 million US dollars today. A trader said rationally that he is not optimistic about the yen now, but on the dollar. put forward their own questioning opinions,

Yamada was silent for a while, and said in a deep voice: "Start suppressing it, and short 5,000 to 10,000 hands each time!"

Yamada is still firmly bearish on USD/JPY, so he chooses to continue to suppress USD/JPY.

At Yamada's behest, many short orders for USD/JPY were thrown out in a row and smashed into the market where the trading volume was not yet high. Bringing some other wait-and-see players in the market to weigh on USD/JPY.

Soon the rise of USD/JPY was temporarily stopped, and it began to pull back, falling a few points, in a volatile market, Chen Hui was also very happy, and he was worried that the higher the USD/JPY rose, the worse it would be for him to be a foodie, and the more difficult it would be to increase his position. At this moment, when it is shaking, it is the time for good foodies.

Immediately, Chen Hui also placed a long order of 5,000 to 10,000 USD/JPY each time. As long as the USD/JPY falls, Chen Hui immediately buys it.

After another ten minutes, after the opening of the European session, the trading volume of USD/JPY enlarged, and began to fluctuate back and forth between 98.060 and 98.140 at high speed.

Chen Hui also increased the amount of foodies each time, sometimes tens of thousands of hands.

At more than 3 o'clock, the USD/JPY began to be in a stalemate for 2 hours during the period, but the bulls undoubtedly had the advantage, and the USD/JPY was in a high-speed shock, rising steadily and slowly, and almost no 15-minute K-line was dragging the upper tail and the lower tail.

After about half an hour, USD/JPY began to advance further, with the appearance of 3 bullish candlesticks on the 5-minute chart, and the moving average of the 5-minute chart began a bullish alignment. At the moment USD/JPY is trading at 98.260.

Chen Hui continued to buy, continuously clicking the mouse, increasing the number of hands, and starting to buy tens of thousands of hands at a time. Without any ambiguity, Chen Hui knows that there are no more foodies at the moment, and the higher the USD/JPY rises, the more difficult it will be to eat, and there will be no shorts in the market at that time, they are all long orders, and they will not be able to eat goods.

At this time, the investment department of Toying Tokyo Mitsubishi Bank, Yamada was staring at the market trend of USD/JPY, and they had already increased their positions and thrown out more than 200,000 short orders of USD/JPY, holding a total of 800,000 short orders of USD/JPY, but at the moment USD/JPY continued to rise, and they lost $8 million for every point they rose.

Yamada was not willing to fail and remained stubbornly bearish on USD/JPY. He felt that this was nothing more than a temporary rally pullback, as it had plummeted by so many points yesterday. Today's sharp rebound is also understandable, and it is still at 98.250 at the moment.

Immediately Yamamoto urged, and his subordinates said: 'I am emptying 50,000 hands to enter."

After several traders threw out 50,000 hands of short orders and went in, they were quickly eaten up, and they were all gone, and the USD/JPY only paused slightly for a while and continued to rise, and Yamada's 50,000 USD/JPY smashed down with almost no waves, and the buying in the market was too turbulent at the moment.

Half an hour later, USD/JPY rose to the 98.400 level, temporarily halting its rally, and at this moment the daily candlestick of USD/JPY is touching the 60-day moving average, which is a technical resistance level, and some short-term bulls are beginning to close their positions at this level. As a result, the USD/JPY rally began to weaken.

Yamada saw that the rally of USD/JPY was starting to run short at this moment, and immediately seized the opportunity and urged his subordinates to say, "Short 50,000 USD/JPY again." ”

Yamada's short order of 50,000 lots of USD/JPY smashed into the market, coupled with the liquidation of some of the original short-term bulls, USD/JPY quickly fell by 10 points, and not only Yamada breathed a sigh of relief.

At this moment, Chen Hui has increased his position by more than 400,000 hands of USD/JPY, and at this time, he saw a 5-minute long black candle and USD/JPY fell, and immediately Chen Hui played a long order of 100,000 USD/JPY to support USD/JPY.

Chen Hui also knows that the USD/JPY is at a key resistance level at the moment, which is the 60-day moving average area of the daily chart, but Chen Hui is not worried about the USD/JPY breaking through this resistance level. It will rise even harder, and then it will be the time when investors who are short in this position will die.

Chen Hui's order of 100,000 lots of USD/JPY only slightly stopped the downward trend of USD/JPY and was quickly traded, but USD/JPY fell by 5 points again after 5 minutes.