"How can there be a collective warmth in the financial world!" Wang Nuo is very sure of this, and he is even more certain: "If the yen continues to depreciate like this, why should the Australian dollar still show a medium-term trend of depreciation, it will at least stabilize the depreciation, then ......"

"I lost 100 million yuan and made a profit! Linear position, 100 contracts per basis point, I don't believe it can fall by another 3% or 4%!" Originally, I wanted to control the risk this time, but when the time came, Wang Nuo chose another path.

For a moment, there was silence in the conference room.

How many basis points is a contract from 111 to 112?100, that is, if the yen dares to fall, Wang Nuo dares to open a position on the left.

Falling from 119 to 120, Wang Nuo will add 10,000 hands and lose 5 million, plus the previous 10,000 hands, he will lose 35 million from beginning to end.

Falling from 120 to 121, another 10,000 contracts, and a loss of 5 million plus 20,000 contracts of floating loss, it will be 60 million from beginning to end.

It fell to 122 ...... Tyrone International is about to come to express forced liquidation.

"What if it picks up?" Greene couldn't help but ask.

"I'm going to start the backup plan, change the strategy slightly, and let Oleno help me distribute the position to each basis point and open a position on the left!" Wang Nuo said categorically: "When I see the bottom, it will rise, and the increase is enough to wipe out my floating loss." ”

Financial investors know that side opening is a way to infinitely lower the overall cost price, unilateral trend from the beginning to the end, each point is given the corresponding position, in the end the cost price will be in the middle, that is to say, up half of the price will not be lost.

For traders, this strategy is very easy to operate, just open a position without a brain, throw 100 hands into it at each point, basically a command will be done, but it represents ...... Completely abandon trading methods and use investment strategies to determine the winner.

Wang Nuo didn't even care about the sense of smell of the plate, and directly used 100 million ...... Now there is only $83 million left to cover the strategy.

"OK, you have the final say. Green originally wanted to persuade him, although he was also the head of the investment team, he did not approve of Wang Nuo's plan to abandon the trader and only use the analyst's strategy to determine the winner, but the money was Wang Nuo's.

And 100 million is not a loss, and Wang Nuo's winning margin is not small, at least ...... A short-term bottom is likely to happen, unless other institutions collectively send warmth to the yen.

"I recommend suspending positions after 120. Jonas did not approve of Wang Nuo's risk: "Whether or not to touch 120 has a great impact on market psychology." ”

"Touching 120, I don't believe that the yen dares not to close the arbitrage exposure. Wang Nuo said very simply.

"Not necessarily, when the exposure will be maintained by other investors in the market, the increase in Japan's foreign exchange reserves proves that the yen entering the market has not fully hedged the risk, their arbitrage behavior is only partial, and many institutions should lock in the yen income. Jonas said with a frown.

If you want to lock in dollar returns, you have to use yen to hedge against the dollar, and when the deadline arrives, you will get dollar returns.

However, if this is done, Japan's foreign exchange reserves are likely to fall, rather than increase.

Now that it has grown, it means that the exposure to the dollar has been replaced by the exposure to the yen, and the pressure within the system has increased.

The pressure becomes greater, and if the resistance level is broken, there may be a release of potential energy, so why do you need to open a position on the side?

Unless...... Is there someone waiting for the resistance level to be broken, or is the yen not even afraid to break the resistance level? Jonas is not sure of the answers to these two questions for the time being.

Wang Nuo couldn't be sure, he just felt ...... After his own funds can hold up to 120, there will be two or three hundred basis points more, and if the yen falls over there, the Australian dollar can still be as stable as a dog, and he will accept it.

Moreover, with the yen's negative interest rate and daring to depreciate by such a large margin, the carry trade is enough to strangle the space to continue to decline.

In the short term, from 111 to the current 119, I dare to break 120 and continue to go down, is it really that the yen is iron?

The trend of the Australian dollar has been determined, the short-term depreciation of the yen is too high, and the number of yen assets of major international financial institutions has increased...... Combining a series of things, Wang Nuo tends to think: at least the bottom of the short line will come out.

As soon as the bottom came out, Wang Nuo remembered Su Jiyue's sentence "It's not a secret", so the major financial institutions will do it, and the rebound of the yen is a high probability event, and Japan can bear it, that is, to stabilize the depreciation range, and Japan can't bear it, that is, to soar forward.

Therefore, the decline in the first two days made Wang Nuo determine the fact that "the bottom will appear", and he dare not say that he is 100% sure, at least there is a probability of eight or ninety percent.

This is the reason why Wang Nuo abandoned the trading department and directly used strategies to determine the winner.

Until now, Green, Jonas and O'Reno still believe that the Australian dollar has the possibility of a big shock, how can they use the exchange rate trend of surrounding currencies to reverse the market movement.

The other gap is strategic, how can Americans, French, Germans, this group of foreigners fully understand the urine nature of Chinese institutions.

For China's central government, a loss of $1.8 billion is a tactical mistake, and meeting strategic needs is the mission of China's state-owned financial institutions.

In terms of money, the second economy is there.

Market data is the concentrated embodiment of the will of market investors, and financial investment is through clues in the final analysis...... Analyze market psychology.

Wang Nuo feels that the bottom is reached, and the green corner feels that the risk is high, both of which are a kind of psychology.

But sometimes, market psychology is controllable.

On Wednesday the 12th, the yen touched the 120-point mark, and at a time when ordinary investors began to tend to think that the expectation of a depreciation of the yen was intensifying, professional institutions saw a data...... Many international institutions have increased their holdings of Japanese yen financial assets.

China's central bank, an increase of $5 billion.

PIMCO, an increase of $2 billion.

Several local tyrant institutions in the Middle East, the main foreign investors in the Japanese market, have also increased their holdings by more than 3 billion US dollars.

Financial institutions such as Europe, Australia, and polar bears paid the water, and when this group of institutions sold to open up their exposure to the yen, professional institutions knew one thing very well: Armageddon was coming.

What makes professional institutions in an uproar is that there is a long-lost tacit understanding in the financial market, and the whole world is encircling and suppressing the yen!

In the conference room of Tyrone International, whether it was Green Corner Green and Jonas, or Meng Han, Yuan Rongxin and Lu Jianming, their eyes widened, and their hearts almost stopped beating, and they naturally could see that the encirclement and suppression situation had been achieved.

Perhaps some institutions have made a wave of money by relying on the depreciation of the yen first.

There may also be financial institutions that take advantage of the large arbitrage space and reap a stable round.

There are even people who now hold a lot of other yen assets.

But when there is such a large exposure to the yen's financial assets, it means ...... The whole world wants the yen to rise, at least ...... It can no longer be devalued.

The reason why everyone's heart almost stopped beating is very simple: Wang Nuo took 10,000 contracts before the bottom appeared, from 119 to 120, exactly 100 basis points.

10,000 hands...... Steady earnings.