439. Ants on a hot pan

USD/JPY is at the 106.300 level at the moment, and Chen Hui looked at the 2 million USD/JPY short orders he placed, and actually traded 1 million lots. Suddenly, Chen Hui was surprised in his heart, and at the same time, he was also ecstatic.

Secretly said: "The bulls who took over the USD/JPY high are still struggling! Now, I can eat more goods, establish a larger short position, and when the USD/JPY crashes, they will all blow up, and there is no problem with doubling my funds within half a month!"

At this moment, Chen Hui already held a short position of 6 million contracts of USD/JPY, and he did not expect that he would be able to establish a short position of 6 million contracts of USD/JPY at a high level, and the market would be able to digest his short list of 6 million contracts of USD/JPY!

Thinking of this, Chen Hui muttered: "It seems that the power of this high-level pick-up is not small, but it just so happens that I will eat it all!"

······ At this moment, Chen Hui holds a short position of 6 million contracts of USD/JPY, and a fluctuation of one point is a profit or loss of 60 million US dollars. At present, USD/JPY is at the 106.300 position, his position is opened in batches, there are two million hands of short orders on average at the 106.300 position, these two million hands of short orders have no floating loss, no floating profit, the remaining four million hands of short orders at the 107.000 position, is a floating profit of 70 points, a total of 2.8 billion US dollars, at this moment Chen Hui's account equity initially began to short the US dollar/ The $37.5 billion in yen, plus the $2.8 billion floating surplus, is $40.3 billion.

Recently, although Chen Hui's account did not have a floating profit, he had established an additional two million short orders, Chen Hui felt extremely comfortable, but he felt that it was still not enough, and he had to establish more short positions.

Immediately, Chen Hui revoked the one million short orders that had not been traded above the 106.500 position, and he began to slowly suppress the USD/JPY at the 106.300 position, and continued to be a foodie...

·········

At this moment, in an ordinary trading room, Watanabe walked back and forth with two deep dark circles under his eyes, looking restless, clasping his hands from time to time, shaking around, and the whole person was like an ant on a hot pot...

His heart is extremely uneasy, and so is the entire trading team, from last night to now, they have not had a good rest, crazy support for USD/JPY, and bought a lot of 10,000 long orders, but at the moment they still have not been able to pull USD/JPY up, and now they have established a total of 3 million USD/JPY long orders, with an average opening point of about 106.500 positions, and a fluctuation of one point is a profit and loss of 30 million US dollars, and at the moment there is a floating loss of 20 points, that is, a floating loss of 600 million US dollars. They have a total of $20 billion in funds and now have $19.4 billion in net value.

"Do you feel that something is wrong?" Watanabe asked in his heart, always feeling that something was wrong, it stands to reason that a long order of 3 million lots of USD/JPY has been established, but USD/JPY has fallen from the 107.000 position all the way to the shock, up and down, up and down, but USD/JPY has finally fallen by 70 points on the basis of their long order of buying 3 million lots of USD/JPY.

Watanabe was uneasy: "Could it be that the big short is coming?"

"Watanabe, something is really wrong with USD/JPY, and this time we have a strong opponent!" said one trader with a solemn expression.

This time they exhausted the bulls of three million lots, but the USD/JPY pair has slowly turned around, and in all likelihood, it will fall below the 106.000 level and collapse directly.

"Watanabe, the strength of the opponent this time should not be underestimated!" said another trader with a nervous face, this time the opponent is indeed very powerful, and now it is pressing step by step, so that they can't raise their heads, USD/JPY was suppressed from the 107.000 position, and then again at the 106.500 position, and now the USD/JPY can't even rise from the 106.500 position, it is completely a complete decline, and it is difficult to attract the bulls outside the market to enter the market, and there are very few people chasing the rise.

"Watanabe, this time I bought a total of 3 million lots of long orders for USD/JPY! This position is getting worse!" said another trader nervously.

Although they only have a floating loss of $600 million on the books, if they stop the loss and close the position, it is equivalent to selling three million lots of USD/JPY in the market, then these 3 million lots of selling orders may directly collapse the USD/JPY, and directly plummet by hundreds of points, and they are far more than a loss of $600 million!

"Watanabe, this time USD/JPY may have really turned around, you see his previous high was at 107.500, the next high was at 107.000, the last high was at 106.500, and his highs are all moving down!

"Watanabe, this is not a trivial matter, there are very few USD/JPY bulls in the market except for us, and if USD/JPY falls below 106.000 it will collapse, so we must support USD/JPY now!" said another trader, who looked at USD/JPY as it continued to fall. If they do not continue to sell, then soon USD/JPY will fall close to the 106.00 zone.

"Watanabe, this time we continue to increase our positions, we are now like being bitten by the foot, we can't break free! Now we have two options, either just cut off the foot and stop loss, and then USD/JPY will collapse because we close our position, we may lose at least $3 billion to $4 billion, or we will increase our position again, and we will continue to pull USD/JPY up!" another trader reminded with a panicked look

"Watanabe, you are the supervisor of this operation, it is up to you to decide whether to increase your position or not, but I want to remind you that once USD/JPY falls below the 106.000 position, it will also trigger a large number of short-term bulls who previously bought the bottom at the 106.000 level to close their positions, and then intensify the collapse of USD/JPY, once USD/JPY falls below the 106.000 position, the collapse is undoubted, you have to make a decision quickly! Now USD/JPY has fallen again, it has fallen to the 106.200 level!" Another trader said anxiously. Now he feels that they may be the only ones in the market.