"Interest rates! I want interest rate movements. ”

"Don't worry about the position, I don't believe it will go back in three days. ”

"The market needs to fully digest this information and not waste time on trading. ”

"Add positions? Don't increase your position first, and don't close your position. ”

"I want you to argue for my previous research report!"

In Shanghai, Wang Nuo kept assigning tasks to Meng Han and others, and the situation he was facing now was the same as predicted by the Green Corner.

Whether it is Yuan Rongxin, Ye Yaohua, Lu Jianming, who have been with Wang Nuo for a while, or Meng Han, who has just arrived, they all consciously enter a state of "blindness" at this moment.

Whatever Wang Nuo says, everyone will do, and then ...... Just keep sighing in your heart that "the boss is mighty".

Wang Nuo is the brain, and the other members of the team are now the torso, so you don't need to think too much, you just need to collect data, and then compare the data, and then choose the operation plan that coincides with the data, and then Wang Nuo makes a judgment.

Wang Nuo thinks that the data will rise, and the team will go long, Wang Nuo thinks that if the yen is lower, everyone will sell short directly, and they will not bring it at all.

Not only that, but faith is also important.

If you firmly believe that what you are doing is right, your work efficiency will be greatly improved, and there will be no so-called internal consumption.

To be able to maintain a state of excitement and maintain firm confidence, and there is no need to take responsibility for failure, one person is used by two people, that is the basic situation, and ...... The team's run-in speed is super fast.

The most important thing is that there are too many book profits, which is enough to completely dissipate the pressure in everyone's hearts, and the point at which the position is opened is 111.51, and now it is hovering around 115, which is directly calculated at 3.1%, which is equivalent to Wang Nuo's book profit data is already at 93 million US dollars.

200 times leverage, $3 billion face value of the contract, in the blink of an eye, is 300% of the rate of return, this is where the confidence lies, which is why Wang Nuo was not refuted when he said "no trade".

By this time, the investment plan is actually close to betting on the probability of the trend, rather than "buckling the rope" there for technical operations.

Moreover, the amount of money locked up by Wang Nuo is only 15 million US dollars, and the more the yen depreciates, the more flexible funds he can move on his books, and now it has exceeded 100 million, which proves ...... He can add a lot of positions at his fingertips.

"It's not negative yet. ”

"Interbank lending rates are not negative yet. ”

"The opening didn't open. ”

In the team, the person who is most familiar with the foreign exchange market is actually Meng Han, who can know what the market is like now as long as he sees the data.

The yen has a negative interest rate, but the Japanese interbank interest rate has not become negative, which proves that borrowing money has to pay interest, not earn interest.

However, normal people know that the situation can change, and it is impossible for banks to put their money in the central bank again, because they have to pay "custody fees", and individuals with a large amount of yen in their hands will quickly hedge, at least willing to lend out.

It's like the yen is very hot, and everyone has to throw it out and close the exposure to the yen, which will make the yen depreciate.

The wonderful thing is that if the willingness to sell is too strong and the call rate is negative, the arbitrage model that Wang Nuo believes will be achieved in an instant, and the market will definitely quickly wipe out the depreciation of the yen through this arbitrage.

"The continuous depreciation of the yen is because the willingness to sell is cumulative, and the concern about the risk of depreciation in the early stage overshadows the room for arbitrage, so it ...... People don't want to move. ”

"Then there is the widening of space, which leads to the stabilization of the yen, or rather...... The strategy adjustment has stimulated the economy?"

"The trend depreciation and amplitude of the Australian dollar, but the changes in the market, if the yen eats too much depreciation, a few days will be enough to affect the Australian dollar area, if the Japanese economic data is optimistic, but will lead to the appreciation of the yen is expected to increase, how to calculate the market?"

"There are too many positions, and the more the yen depreciates and the interest rate is lower, the more it will stimulate institutions to carry trade, and they will be able to completely eat up the willingness to sell, but ...... Other agencies are not necessarily happy to see this. ”

The exchange rate is an international issue, especially the issue of international currencies is more complicated, and if the US dollar dares to depreciate by 1%, China's foreign exchange reserves measured in US dollars will ...... premium, because it takes more than just dollars.

The flow of the yen is too large, and the exposure that is not closed is too large, whether it is Wang Nuo or others, in fact, they all understand that these days is betting on whether the market's fear of depreciation expectations will lead to enough arbitrage space, enough space to attract enough capital operations, will stabilize the exchange rate, if ...... A delicate balance between the two will lead to an increase in the value of the yen.

If the formula has always existed, then ...... The exposure of the yen will be taken away more, and the value of the currency will rise back to some or even more, and the final result will be a mouth-watering possibility, that is, the appropriate operation will make the strategy of depreciation of the yen unable to extend to the real economy, because the value of the currency returns, the fruits of depreciation are stolen by institutions, and the released liquidity is eaten.

In the final analysis, this can be seen as whether the political institutions are brave enough for the yen, whether they are willing to pull out greater exposure to the yen, or ...... Distribute the exposure to the sellers.

Wang Nuo's operation is very simple, just wait.

On the 5th, the yen first tested 115 points, and then returned above 114, narrowing its decline.

On Thursday, the 6th, the USD/JPY returned to 115, but the willingness to sell can no longer be considered panic.

At the close of the 7th on Friday, the yen fell below 117 to close at 116.99, and the call rate and Treasury yields began to stabilize above negative territory, and the market finally entered a stage that can be considered "rational".

In an irrational market, large institutions are not sure about the psychology of most market investors, and they don't even know how many positions will explode and push the trend worse.

When the market stabilizes after the big shock, financial institutions begin to have something to do, because at this time, institutions can speculate on the psychology of market investors through data, and then operate through risk assessment, and finally ...... Measure the ratio of benefits and risks, and ultimately determine the level of investment.

Wang Nuo will definitely be busy this weekend, but before he is busy, the income on his books has been exchanged for actual income.

Only the depreciation of the yen in three days was determined by the honest pen, and because the energy consumption ratio was decisively 100%, Wang Nuo did not increase his position because he had too much gain.

111.51 entered the short selling, and the 116.87 point was closed, and the profit was ...... More than $147 million.

There was almost $180 million lying in the account, and looking at the honest debt of 9.5 million, Wang Nuo's caution was a little unbearable.

The chips are "borrowed", can they really be pushed flat in the second half?

Nearly 180 million US dollars, put in the foreign exchange market is not a big one, it is not a small way.