The yen soared 7.66% in a day, plus yesterday's 2.52%, and in two trading days, the yen rose from a high of 134 yen to 120 yen to 120 yuan to the huàn 1 dollar, an increase of 10.44%. Moreover, it is rumored in the market that this is BOJ pulling up the yen, and the original expectation of the yen to be bearish in recent days has immediately reversed, and various institutions have given the latest operation strategies in the first time. Unlike the previous bearish strategy, except for a few more conservative brokerages who continue to observe, the vast majority of others have given a bullish or even strong buy.

Today's market is undoubtedly disastrous for the bears, especially the Tiger Fund, who have accumulated a large number of positions on the yen bearishness. At the end of the day, they were surprised to find that almost all of the JPY short options were no longer exercised, and the JPY had risen to the bottom of their positions, which meant that the previous floating profit had been swept away and a large amount of premium had been lost.

These are not the most important things, in yen futures and forward contracts, they are the real real money losses. A 10% increase in a market with tens of times leverage is enough to cause fatal damage, although at present their brokerage still has not called to call for a margin call, but these people are well aware that it is only a matter of time.

Although there have also been hedging, such as placing large buy orders at important levels such as 130 and 120 as defense, and buying long contracts in the far month as a hedge, these obviously cannot save the Tiger Fund from the decline of the yen. Within two days, the huge loss of $1 billion also made Tiger Fund's staff in Tokyo tremble. No one dared to stand up and take responsibility for this matter, and in desperation, they could only poke the matter to New York.

When the numbers came out, Robert. Certron was so shocked that he almost fainted on the spot, and although he was the head of the global market, he didn't dare to make more claims on this matter, so he rushed to Columbia and Cornell Presbyterian Hospital with the materials.

The long-term hospital comes from the merger of two prestigious hospitals, Cornell University Medical School and Columbia University School of Medicine, which merged earlier this year to become the largest and most multidisciplinary hospital in New York State, especially in the New York metropolitan area.

In the United States. Middle-class families have their own family doctors. When there is a problem that the family doctor can't solve, the patient goes to the hospital for help. Doctor's consultation and medical expenses are extremely expensive, and it is one of the typical high-paying occupations in the United States, so Americans have developed the habit of buying various insurance policies in their daily life. These costs will be covered from the cost of insurance when needed.

Of course. These are just for the average person. For Julian. For a top rich man like Robertson, this little money is simply a drizzle. For the sake of health, he was specially admitted to the VIP ward. Under the advice of the top heart experts in the United States, he did several full-body examinations, and the results showed that he was only temporarily angry, and there was no major problem with his body, but just in case, he was still in the hospital for observation for a period of time.

While sniffing the soda and taking heavy steps, Robert. Setron's heart was uneasy. His boss was hospitalized for observation, and it was a critical heart problem, but he had to disturb him at this time, which made him feel very uneasy. But if he doesn't report the situation in a timely manner, I'm afraid he will be even more uneasy.

However, this concern immediately disappeared the moment he arrived at the ward. In this room, which is more than 100 square meters in size, only Julian . One of Robertson's hospital beds, except for some unnamed medical instruments, is basically the same as in a five-star hotel, with precious murals, cashmere carpets, crystal chandeliers, etc., decorating the entire ward luxuriously.

But let Robert. It wasn't that that shocked Setron, but that at one end of the room, there was a large TV. Robertson just swept Robert. At a glance, Setron continued to watch the TV show without distraction.

The TV shows CNBC, the real-time news of the global financial market. As soon as I saw this, Robert. Setron still doesn't understand that his boss probably knows what happened in Japan for a long time. Silently entering the room, he put the flowers in the vase at the head of the bed, sat down quietly, and watched the TV program together, while looking at Julian out of the corner of his eye. Robertson, hoping to capture something from the expression on his face.

Half an hour later, when the news was over completely, Julian. Robertson slowly lay down and threw the remote control on the counter at the head of the bed, and then said with a gloomy face: "Say, what is the situation?" ”

"Lost a lot!" Robert. Setron first replied subconsciously, and then realized that something was wrong and hurried to see Julian. Robertson's face looked at the electrocardiogram on the instrument at the same time, for fear of any accident, but what calmed him a little was that the curve on the instrument did not show too many twists and turns, and it was still beating unhurriedly.

"Oh God! What's going on! "Julian. Robertson didn't continue to ask, just sighed lightly and muttered to himself.

Recently, he has had bad luck, first he burned the carpet tiger that he has always regarded as a mascot, and then the bad news came one after another, the default of Russian national debt, Hong Kong's announcement to defeat international funds, these are not over, and today it is the turn of their capital base Japan. Compared to several other markets, the Japanese market is the most critical, so the situation after the accident is also the most severe.

"What are we going to do next?" Robert. Setron scratched his ears and cheeks in a hurry, not knowing what to do. However, he knew that he couldn't add more burden to his boss at this time, so he could only endure the torment in his heart and ask in a tone that sounded very flat.

Julian. Robertson gave him a deep look, then pressed his hands on the bed and stood up suddenly. Robert. Seeing this, Setron hurriedly pushed the device, which was placed on a movable scaffold to monitor the condition of the heart. Can follow the movement of the person being monitored. That's it, Robert. Setron pushed the instrument and followed Julian. Behind Robertson, the two walked onto the balcony.

"Look, that's Mercury!" In the dark night sky, the stars in the sky are especially shining, and the brightest star in it, Venus, is hanging in the eastern night sky, shining brightly. Julian. Robertson pointed to Venus. Dafa sighed. "I originally thought that our alliance, like this star, would bring light to the world. But who would have thought. At the moment of the last kick. I was betrayed. And it was very badly killed. It's hard for me to accept, so you can see it, and I'm lying here now. My God. It was a terrible experience. ”

"You guys? We? "Robert. Celtron was confused, but he soon realized that his boss was probably explaining why he had fainted in the first place. Robertson didn't go any further.

"It would be nice if the changes in the market could be traced like these stars. It's a pity that whoever it is, you have to be humble enough in front of the great market, otherwise it will tear you apart mercilessly! "Look at the sky for a moment, Julian. Robertson suddenly came out with such a clueless sentence.

"Boss, what do you mean......" Robert. Setron stammered as he heard a hint of meaning. At this time, he vaguely guessed a possibility in his heart, but he couldn't believe it, so he dared to ask.

"Not bad!" Julian. Robertson turned his head and stared at Robert with burning eyes. Setron looked at it and said word by word, "I'm going to quit the foreign exchange market, forever!" ”

The financial market is divided into many types, and if it is divided according to the nature of the product, it can be roughly divided into two categories: traditional financial products and derivatives. If it is divided according to the subject of investment, it can be divided into stock market, bond market, foreign exchange market, futures market, options market and so on. Among these markets, although the foreign exchange market is not the largest, because of the time difference, it has an unparalleled advantage in other markets, that is, it can be traded around the clock.

The never-ending market means a never-ending opportunity to make money, and it is indeed an incredible thing to want to give up such a market. Robert. Cetron opened his mouth wide, wanting to say something to make the boss retract his opinion, but as soon as he thought of Tiger Fund's strongest stock, he originally wanted to blurt out the words and swallowed it back, because without the foreign exchange market, Tiger Fund can also play well in the stock market and related markets.

Maybe it's really a good thing to get out of the foreign exchange market, he thought to himself.

"However, boss, if we withdraw from the yen market now, the loss will not only be $1 billion now, but may be even greater, and even the loss can expand to more than 50%." After thinking for a long time, Robert. Still, Setron spoke out his concerns.

As the main force of shorting, if the position is closed on a large scale at this time, it will undoubtedly be captured by the market's bulls. And this way of admitting defeat will not attract any pity, the opponent will only take the opportunity to rub salt in the wounds of the bears, and then continue to rush up until they are crushed out of the market.

"Or else?" Julian. Robertson shook his head and said helplessly, "First, the foreign exchange market is indeed not our strength, and second, do we have the strength to compete with institutions like BOJ?" I know what you mean, but the lesson was so impressive that I had to make this difficult decision. ”

"I think we should wait for a while, there should be a short side that will not be willing to fail, and will definitely fight with BOJ, and when the yen depreciates slightly, it will not be too late for us to play!" Seeing that his boss's determination to quit remained unchanged, Robert. Settron could only persuade him.

"It's good!" Julian. After thinking about it, Robertson nodded in agreement, and after entering the room, he had just laid down on the bed, and suddenly remembered something, and hurriedly ordered Robert. "Sending an email to investors on my behalf telling them that the redemption period has been changed from one month to three months, and that this must be done immediately." Soon the market will have news of our huge losses! ”

Robert. Setron agreed, and quietly withdrew. At this moment, he didn't have much feeling, even if his boss decided to withdraw from the foreign exchange market, even after the Tiger Fund lost as much as $3.6 billion in capital in the past half a month, he still believed that his boss could regain his prestige again.

It's just that he wouldn't have thought that because of what he just said about not playing for the time being, the Tiger Fund later lost another $600 million in yen, bringing the total loss to $1.6 billion.

In a word, it is so expensive, it must be unprecedented! (To be continued......)

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