Chen Hui looked at the K-line of the 5-minute chart of the USD/JPY at this time is a big black line, and immediately Chen Hui threw out 40,000 hands of USD/JPY short closing orders one after another, and immediately the transaction was made, and the USD/JPY was immediately driven by Chen Hui's 40,000 buy orders to stop the decline....turned slightly up.

At the same time, a trader at the Mitsubishi headquarters in Tokyo said to Yamada: "We have just thrown out 30,000 lots, and all the other short orders in the United Market have been eaten." ”

"USD/JPY has met strong resistance at 98.050 and a lot of buying has emerged, will it continue to be suppressed?" asked another trader

Yamada hesitated for a moment, and said in a deep voice: "One last suppression, when USD/JPY rises, then short 100,000 lots"

"Yes!" said several traders in unison.

Chen Hui didn't expect that his 4 lots of USD/JPY buy order actually supported USD/JPY, and USD/JPY rose a few points under the drive of Chen Hui's 40,000 lot buy order (short order closing).

Chen Hui feels that now that there are fewer and fewer bears, should he continue to close out the short positions and push the USD/JPY to rise

At this time, the market for USD/JPY began to rise again, there was a lot of buying, and USD/JPY returned to the 98.150 level again in less than 15 minutes.

But in less than 5 minutes, USD/JPY was again pinned down, with a lot of selling at 98.150 and USD/JPY falling back to 98.060 and about to return to 98.050.

Yamada is nervously watching the trend of USD/JPY, and now there are more and more bulls on USD/JPY, just now Yamada ordered several traders to short 100,000 USD/JPY at the 98.150 position.

Suddenly, when USD/JPY touched the 98.050 level, it stopped again, and there was a lot of buying, which fell for a few minutes, and repeatedly touched the 98.050 level, but it just couldn't fall.

Yamada looked at the plate and felt more and more uneasy......

Just now, when USD/JPY returned from 98.150 to 98.060, Chen Hui immediately threw out a buy order of 60,000 lots of USD/JPY at one time, and it was quickly filled, and USD/JPY began to be supported.

After a while, USD/JPY repeatedly touched the 98.050 level several times, and immediately rose by 7 points, and a long 15-minute white candlestick with a long tail appeared.

Chen Hui knew that the bulls were about to start squeezing shorts, and there was a lot of buying at the 98.050 level. The bears in the market are almost eaten up today.

At the moment, the trend of USD/JPY is located at 98.120, and after Chen Hui closed all the short positions locked, he still held a long position of 100,000 contracts on USD/JPY. Chen Hui's average unlocked position is 98.070 position.

At the moment, the account equity is $135 million. It has just risen to 98.120, and Chen Hui has a profit of 5 million US dollars today.

Chen Hui knew that this was just the beginning! There was more to come.

At the Mitsubishi headquarters in Tokyo, the USD/JPY began to rise sharply, Yamada's eyes widened, his face was gloomy, he sighed heavily, and said: "Let's start closing the position, try to ensure that we still have some profits this time"

Thinking of my whole team, I have been busy with green recently, and I have worked hard for so long, and I may end up doing it in vain!

While Yamada asked his men to slowly close their positions, USD/JPY continued to rise, all the way from 98.120 to 98.270, another 15 points, and is about to break through yesterday's high.

This is a key position at this moment, where many short-term bulls will close their positions, and USD/JPY will start to oscillate here.

By 5:30 p.m., USD/JPY finally broke through the 98.270 level and continued to rise.

The investment department of Mitsubishi Bank, watching the USD/JPY rise all the way, Yamada urged loudly: "Close the position! Close the position... Flat another 20,000 hands, quick! quick, ....."

"Baga! I told you to close the position, didn't you hear me!"

In order not to let the losses get bigger and bigger. Yamada continued to unwind his positions, which in turn led to more buying of USD/JPY in the market, and Yamada's closing of short orders meant buying USD/JPY in the market, further pushing USD/JPY higher. For every point of gain, Yamada has to lose millions of dollars on his books.

After dinner in the evening, in less than an hour, USD/JPY slowly advanced to the level of 98.470 and rose by another 20 points. Chen Hui's net worth at the moment is $170 million. Today, Chen Hui has a profit of 40 million US dollars on his books.

Chen Hui is not in a hurry to close the position, Chen Hui will continue to rise tonight, and the short forcing is not over yet.

At 8 o'clock in the evening, the American session began, and USD/JPY began to pull back and fluctuate. Oscillated at 98.400 disposal.

At half past eight, the US economic data came out, bearish for the dollar, and USD/JPY immediately fell by 15 points in 5 minutes, and then was supported at 98.320 and began to rise slowly.

Chen Hui's account equity is $155 million. The profit of 15 million US dollars was reduced, but Chen Hui was not in a hurry to close his position, and this economic data made the decline of USD/JPY temporary. It can't affect today's rally, and it will rise back later.

Sure enough, USD/JPY fell to 98.300 and at this moment, a lot of buying suddenly poured out. USD/JPY opened higher.

Half an hour later, USD/JPY once again rushed to the 98.470 level, the highest level of the day, and Chen Hui's account equity returned to $170 million.

Chen Hui is also not in a hurry to close the position, at this time USD/JPY breaks through a new high, which means that the bears are further pressed or stop loss. Either continue to resist and let the losses continue to increase until the liquidation position.

After another 1 hour, USD/JPY appeared with a 1-hour white candlestick, which rose by 20 points to the 98.670 level and is still rising.

Chen Hui's account net value reached 190 million US dollars, at this moment Chen Hui planned to slowly lock up his position, and immediately threw out a short order of 5,000 hands of USD/JPY, and immediately made a transaction, USD/JPY is still rising, Chen Hui once again threw out a short list of 5,000 hands of USD/JPY.

When Chen Hui was locking up his position in an orderly manner, the investment department of Tokyo-Mitsubishi Bank, Yamada urged his subordinates to close their positions all the way.

"Close 30,000 lots, hurry!

Chen Hui locked up all the way, and Yamada closed all the way. USD/JPY continued to grow, and soon gained another 10 points.

Chen Hui has shorted 50,000 lots of USD/JPY to lock up his position, but there are still 5 lots of USD/JPY net long, so the account equity is still rising.

At this moment, the USD/JPY trend is at the 98.770 position, and then after a few points of pullback, Yamada urged his subordinates to say: "Close 100,000 hands this time, hurry up!" At this moment, Yamada is already a frightened bird, USD/JPY has risen all the way, and the bulls have been forced to short, so that more original short positions have been closed and turned into longs, pushing USD/JPY to rise further. Taking advantage of the current pullback and fall, Yamada decisively chose to close 100,000 hands first.

Yamada worries about the mounting losses..........