104. Eve of the Currency Meeting (1)

The next morning, Chen Hui woke up early, lay in bed, took his mobile phone, and opened the USD/JPY chart, at this moment, USD/JPY only fell 20 points in the day yesterday, from 98.780 to 98.580.

Today, Tuesday, from 98.580 open, it is now 8 o'clock in the morning, USD/JPY just fell 10 points, Chen Hui is not in a hurry to untie the position, far from the point of unraveling, Chen Hui is ready to be at 98.150 position, where is the daily chart 10 moving average and the 20-day moving average intersection position, the strongest support.

After looking at the market for another half hour, USD/JPY still did not move much, hovering at the 98.500 level.

Chen Hui thought about it, or wait for Europe to see if there is a chance.

This morning's Asian session will not fall by a large amount, at most 10 to 20 points.

After thinking about it, Chen Hui directly set the 200,000 short orders in the area of 98.100 to 98.200 to take profit. If USD/JPY falls below 98.200, it will automatically close a short position of 200,000 lots.

Chen Hui does not want to set it at 98.150, because there will be a lot of buying orders at 98.150, and his 200,000 buy orders will not be fully filled, which will cause USD/JPY to rise a lot, so the average position of his own position will be much higher. The gains outweigh the losses, you can do your best, try to do your best!

Not long after all this was done, Chen Hui threw his phone aside and prepared to go to bed again.

At this time, Xia Yuqing also woke up, squinted her eyes, pushed Chen Hui and said, "Hey, Chen Hui, get up!"

"Yuqing, come, let's do a morning exercise and exercise. Chen Hui said badly. I immediately hugged him.

"Cut! you go away for me!" Xia Yuqing pushed Chen Hui fiercely, preventing Chen Hui's body from getting any closer.

Chen Hui ignored Xia Yuqing's words and immediately pounced.

"You bastard! I hate you! Today is my dangerous time!"

……………

After the two Meimei had a morning exercise, Chen Hui sent Xia Yuqing back to school, and then drove his red Ferrari back to his villa.

Chen Hui also bought some clothes, perfumes, and jewelry for Zhou Xuefen..........

After lunch at noon, Chen Hui walked into the study and opened the market trend of USD/JPY, which still did not change much, and was still fluctuating in the range of 10 points, and was at the 98.480 position at the moment.

Half an hour later, Chen Hui watched the financial news in the Wall Street Journal......

Recently, the government shutdown in the United States has also been quite hot, spending too much money, and being restricted by Congress, and temporarily closing its doors if it can't spend money.......

At this time, a piece of news attracted Chen Hui's attention, that is, the monetary policy meeting of the Dongying Central Bank the day after tomorrow.

Dongying Bank (central bank) will hold a monetary policy meeting on the 5th and 7th to evaluate the current lag in enterprise equipment investment and wages. Whether the meeting will judge whether the domestic economic situation is really starting to recover will be the focus. In addition, the meeting will decide whether to continue the large-scale monetary easing that has been in place since April.

At its last meeting in September, the BOJ assessed the current state of the domestic economy as "starting to recover slowly", and this meeting will consider whether to raise it further. The impact on the RB economy, such as the narrowing of quantitative easing in the United States, the slowdown in economic growth in emerging market countries, and the rise in crude oil prices due to the Syrian issue, will also be discussed.

There is an opinion within the BOJ that the assessment should be revised upwards to "slowly recovering" because capital expenditure increased for the first time in two quarters in the second quarter of 2013 (April-June) and the increase in CPI in July also widened.

On the other hand, since the gross domestic product (GDP) adjustment will be released on September 9 and the results of the Short-term Economic Observation Survey (Tankan) will be released on October 1, there are also opinions that the real growth rate and the degree to which companies feel about the economy will improve before making a decision.

……………………………….

Chen Hui knew that the USD/JPY would rise sharply and then fall sharply the day after tomorrow because of the monetary meeting of the Dongying Central Bank.

This is definitely an opportunity to make a lot of money in the short term, and Chen Hui knows that the result of this meeting is good for the yen.

USD/JPY is about to plummet once, but before the crash, it will first skyrocket before the results of the monetary meeting of the central bank, and then close positions on a large scale. Because many investors now think that the central bank will loosen money on a large scale and be bearish on the yen, but the central bank is not a vegetarian, and it will kill many speculators before the yen depreciates. And then it starts to depreciate.

The day after tomorrow is also a stormy day, Chen Hui thought.

As for where USD/JPY will fall, Chen Hui is well aware of the 10-day moving average on the USD/JPY monthly chart. Therefore, Chen Hui dared to conclude that the currency meeting the day after tomorrow was bearish for USD/JPY, which would cause USD/JPY to plummet until it fell to the October moving average before gaining support.

After all, before the market drives, it will only drive after a wave of people have been killed.

Don't go head-to-head with the market!

Time passed quickly, and in the blink of an eye, in the afternoon, USD/JPY rose to the 98.600 level, which made it even more difficult for Chen Hui to untie his position. I can only continue to wait and look for opportunities!

In the evening, Zhou Xuefen cooked a very rich dinner, and Chen Hui was full of praise for it.

At 8 p.m., USD/JPY began to fall, falling 15 points in less than 15 minutes, from 98.500 to 98.400, and at half past eight, US economic data fell slightly worse than expected, and USD/JPY fell another 10 points to 98.300.

Chen Hui was not in a hurry to unload the position, and immediately canceled all the previous take-profit settings, and now he is looking at the market, there is no need.

At this moment, the investment department of Mitsubishi Bank in Tokyo, Yamada is instructing his subordinates to short the dollar, and the previous successive defeats finally did not make him completely discouraged and change his view of the situation, Yamada is still optimistic about his country's currency, and it is about to be the central bank's monetary meeting, and he has no intention of being more optimistic.

After the end of the European market, Yamada made a short short position on USD/JPY, and before the Asian market, Yamada has been watching with the European market, waiting for the opportunity, and finally after the American market in the evening, there is an opportunity.

At this moment, Yamada has shorted a total of 250,000 lots, and at this moment he has a profit of 20 points, which is a total of 50 million US dollars in book profit.

At 10 o'clock in the evening, USD/JPY fell again, losing more than 10 points, and then began to oscillate at 98.200.

Chen Hui began to untie the position, every time he closed a short order of 10,000 hands, once the USD/JPY fell, Chen Hui closed the position, and bounced up, Chen Hui waited and watched, back and forth for 20 minutes, Chen Hui closed the short list of 100,000 hands of USD/JPY.

At this moment, Chen Hui holds a short position of 100,000 contracts of USD/JPY, a long position of 200,000 contracts of USD/JPY, and a net long position of 100,000 lots.

Chen Hui closed 100,000 short orders, there was no chance to close the position, and USD/JPY began to rise to the 98.280 level, although it began to fluctuate again at this level.

Chen Hui is patient, waiting, until the best position, Chen Hui will not close these short positions!

I'd rather miss out on that best location!