On September 5, after the first class of Hayami and the first dignitaries went to work, the first thing they paid attention to was the trend of the yen in the foreign exchange market, and the current exchange rate of the yen and the dollar in the market has rebounded to a certain extent after experiencing a three-year low of 150 yen per dollar, and the current exchange rate is hovering between 135 and 140 yen per dollar.

However, the market is not too optimistic about the prospects of the yen, believing that there is still room for depreciation in this range, so whether it is a hedge fund that has been eyeing the yen, or a hot money capital that has not operated too much on the yen before, they have paid attention to the Japanese foreign exchange market because of the amazing decline of the yen during this period, especially when the regional economic shape has become clear, the yen seems to be basically having to fall.

Therefore, international funds, including hedge funds, bet on Russian government bonds, Hong Kong capital markets at the same time, but also pay attention to the Japanese foreign exchange market, before August 28, each market contains unlimited profit possibilities, but the other two markets in just a few days completely shattered dreams. However, hedge funds have a lot of confidence in the yen, because it is impossible for the Japanese government to intervene in the market as rashly as the governments of the other two regions. In addition, they are well aware of the intentions of Japanese politicians, and their attempt to stimulate economic growth through the devaluation of the currency has long been anticipated by the tourists.

Therefore, during this period, the positions of international investors betting on the yen have become larger and heavier, and because of the highly developed Japanese capital market, their leverage is very high, and the value of contracts is also surprisingly high. Take Tiger Fund, for example. The total value of the short contracts they have placed on the yen has reached a huge $10 billion, of course, these are only the underlying amounts of the contracts, because of the leveraged deposits, in fact, the Tiger Fund only needs hundreds of millions or billions of dollars to be able to hold such a huge position.

The phenomenon of increasingly heavy international travel capital holdings is naturally monitored by BOJ, but this situation is what they are willing to see, and they will naturally not pay much attention to it. Although the yen foreign exchange market is an extremely large market, the underlying amount is tens of billions of dollars, and it took some time for the Tiger Fund to build these positions. So this time they played a little bigger.

"Is there any change in the position in the market?"

Look at the report delivered by the trader. Hasamizu asked absentmindedly, thinking to himself that if the Hong Kong side did play with themselves, then they might have infiltrated the yen market. Therefore, there will definitely be a change in the heavy position during this time. Naturally, these will not hide from them.

"Not much has changed!"

The trader who delivered the report was stunned at first. Then he replied puzzled. But the next moment, he seemed to realize that there might be something wrong with such an answer, and he couldn't help but quickly organize some words in his head. Only then did he cautiously reply: "Governor Hayami, there hasn't been much market in the market in the past two days, and it's basically not much different from before." However, according to the feedback of colleagues, in the OTC market, there have been a lot of forward contracts recently, but the amount of the underlying is not very large, which may be the biggest change in the market recently. ”

"It's not a lot of money, but how big is that?" Originally, when he heard that the trading situation in the market had not changed much, Hasamizu Yu secretly breathed a sigh of relief, but when he heard that there was a transaction of forward contracts in the over-the-counter market, his heart moved, and he subconsciously continued to ask.

"The delivery date of the yen forward contract, which is about 500 million to 1 billion US dollars, is this month. It's also a little funny, it was originally a person who did hedging three months ago and lost money, and wanted to sell quickly, but who would dare to ask for this kind of contract in the market now, the settlement price of 135 is almost the same as the yen exchange rate in the market, but it is said that it was bought later, probably because of trade exports, so there is an urgent need for such a forward contract. ”

As he spoke, even the trader himself laughed. As a trader of BOJ, although there may be a gap between him and the top traders in terms of macro research and trading skills, because of the difference in his position and vision, when it comes to the forward contract involving $500 million, this trader has a completely indifferent attitude.

"Hmm!" Hasami Yu was noncommittal, just snorted softly, and didn't continue to say anything. It is also said that he is a central central bank governor, and he is simply insulting himself by caring about such tens of billions of yen transactions, so after hearing the trader's witty answer, he can only snort as his reaction.

"How's the Hong Kong stock market going?"

Seeing the reaction of Hayamiyu, the trader was stunned, then pinched his nose and left, it seems that his flattering behavior did not work in front of the big boss, on the contrary, it made the big boss a little unhappy, so he had to leave in disgrace. Not long after, Kuroda Haruhiko walked over, and before he could say anything, Yu Hasamizu asked first.

"Hong Kong?" Kuroda was stunned for a moment, and then thought of something, and quickly ordered the traders on the side to open the page of the Hang Seng Index. Others may not know, but Kuroda Haruhiko is indeed very transparent in his heart What is going on, at this time due to the time difference, the Hong Kong stock market is eleven or two o'clock, when the transaction is in full swing, when he looks carefully, he finds that the change in the Hang Seng Index is not very large, after two days of adjustment, the index is around 7500 points, although there are hundreds of points of rise compared with the previous few trading days, but anyone can think of it, what is going on, so he replied at the moment, "Hayamizu-san, the fluctuation of the Hong Kong stock market is not very large, Now it's only 1%, which is not too much of a problem. ”

Hearing his words, the trader who opened the Hang Seng Index page gave the two high-ranking people a strange look, but did not say anything very knowingly.

"Monitor their every move closely and don't be caught off guard when the time comes!" Yu Hasamizu breathed a sigh of relief, but still didn't dare to relax, and after giving Kuroda some orders, he returned to his office.

Due to the one-hour time difference between Tokyo and Hong Kong, it is after the close of the Tokyo stock market and foreign exchange market. There is still an hour of trading time on the Hong Kong side, so any disturbances on the Hong Kong side may not be reflected in the stock market and foreign exchange market in Tokyo, which is why Yu Hayamizu asked Haruhiko Kuroda to closely monitor the movements of the Hong Kong capital market.

It's just that he waited until about six o'clock in the evening, and there was still no movement from the Hong Kong side, and Yu Hayami, who had been busy all day, finally let go of the boshi in his heart, leaving Kuroda Haruhiko to continue monitoring in the trading room, and then went out drinking with the freshman gang.

Going to drink and have fun after work has to be said to be a major characteristic of Japanese salarymen. In Japan, after getting married, a woman begins to be a housewife wholeheartedly. Men are the only source of income in the family. It is regarded as a pure money-making machine, so the pressure on Japanese men is very heavy. And men who don't have relationships with their bosses after work are also looked down upon in the family, so Japanese men are after work. Even if you don't have a party with your boss. I would also get drunk before going home.

Although as a government dignitary. And being in a high position, it doesn't necessarily have to be like this, but after a day of mental exhaustion. Hayamiyu felt that he needed to go for a drink, so he called a large group of people to drink collectively, and to have such an opportunity to drink with his boss, those who were not as good as him were naturally eager to drink.

A large group of people drove to a private club in Tokyo's Shinjuku district, and after calling a few geisha to cheer them on, the pretending and serious people who had been pretending to be serious during the day began to drink loudly. After drinking, the Japanese took off their daytime masks and became dissolute one by one, becoming a completely different group of people. And a few geisha were also very aware of this situation, and they were not surprised in the slightest, and just played and played on their own.

The group of people drank for more than an hour, and just when everyone was overwhelmed and groggy, Yu Hayami was about to end the party here. At this moment, the wooden door of the room was suddenly opened from the outside, and a man in leather shoes walked in.

In a traditional Japanese restaurant, the first thing you need to do is to put on your clogs, and it is not allowed to wear leather shoes or any other shoes. So when he heard the sound of "oh oh oh", Hayamiyu's face immediately sank, and he shouted unhappily: "Bage Yalu, where did you come from, bastard, don't hurry up and get out of here!" ”

Due to his status and status, in this clubhouse, Hayami Yu enjoyed a more high-class room and service than ordinary guests, so when he heard his shouting, two waiters wearing kimonos and shaved their heads in the shape of samurai walked in, surrounded the visitors left and right, and were about to carry him out.

"It's me, Hayamizu-san!" It was none other than Haruhiko Kuroda. Because he was in a hurry, he didn't have time to take off his shoes at all, and when he entered the room, he realized that something was wrong, and when he was about to find a place to change his shoes, Hasamiyu, who had turned out to be another person, began to shout.

"It's you, Kuroda-san!" Hayami Yu shook his head, and after trying to open his eyes and look at Kuroda Haruhiko, he waved his hand, let the two "samurai" go out, and slammed a bottle of sake on the table in front of him, and shouted dissatisfiedly, "Kuroda-san, you are very wrong, come, dry this bottle of wine first, and then come and drink with us, remember, change your shoes!" ”

Kuroda Haruhiko couldn't cry or laugh, so he could only withdraw first and change his shoes, and then re-entered, holding Yu Hasamizu, who was already crumbling, and whispering something in his ear.

"What's the situation? Isn't it just billions of dollars in yen trading? What a lot! At this time, Hayami Yu was already a little unable to distinguish the scene, and for Kuroda Haruhiko's whispered talk, he didn't have the slightest sense of not telling outsiders, and shouted out directly, "Don't say anything else, even if the Hong Kong government comes in person, I have a way to deal with them!" ”

As soon as he finished speaking, the scene suddenly fell silent. Although getting drunk is a common occurrence for Japanese people, it is precisely because they drink too much alcohol that they are generally immune, and after hearing Yu Hayami's words, these people immediately realize something, and the scene that was still noisy is quiet.

"What's wrong with you?" Sensing that the scene was quiet, Hayamiyu was not used to it for a while, and after picking up the wine glass and pouring a sip of wine into his mouth, he suddenly woke up, and his face suddenly changed, "What did you say?" Billions of dollars in buying? ”

Since the foreign exchange market in Japan is now closed, but there is no foreign exchange market for the yen, and there are yen transactions in the foreign exchange market all over the world, so the purchase of yen at this time must be in other foreign exchange markets.

Although Japan's foreign exchange market has the largest foreign exchange volume for the yen and has sufficient pricing power, it is precisely because of the large trading volume that small stock funds have not been able to lightly promote the yen, on the contrary, overseas markets can become a good place to promote the yen.

Naturally, even if it can be promoted, the exchange rate difference between the yen in the overseas market and the yen in Japan will not be much different, after all, there will be arbitrage opportunities in the market, and there will be arbitrage funds entering, and these funds will quickly wipe out the profits between these different markets.

But this qiē, if there is heavy and negative news, is not worth mentioning.

Hayami Yu quickly thought of a possibility, so his face changed on the spot, and he hurriedly put down the wine glass in his hand, asked people to turn on the TV in the room, and quickly transferred the channel to Hong Kong's international station.

"The Hong Kong government held a press conference to announce that after half a month of struggle with international speculators, today it can be said that it has finally completely defeated international speculators. At this is a joint press conference between the Financial Secretary and the HKMA, and we will be connecting with the reporter in front of us to introduce the venue. At the same time, the government will introduce the details of this sniping of international speculators, and its future plans......"

Although the English proficiency of Japanese people is generally poor, and because of the accent problem, speaking English is often even more disastrous than that of Indians, but as a staff member of the central bank, it is natural that they are no strangers to English, so Hayami and other people clearly understand what the female anchor on TV wants to say.

Hong Kong has declared itself victorious in the fight against international speculators!

"Just now, just now I bought the yen......" Soon, a quick-thinking trader noticed the connection between the two things and shouted out in a lost voice. (To be continued......)

PS: Thank you book friends for drawing knives and cutting off oil, and Hu Wang Daxia for voting for the monthly ticket! Thank you also for the awesome red envelopes and niuyutu evaluation votes for book friends! PS: I'm sorry, I've been doing too much lately, and I'll have time to make up for it later.