Seeing the relaxed smile on Chen Hongtao's face, Marshall did not realize Byron's previous evaluation of Chen Hongtao.

However, on the other hand, Byron and Marshall also fully realized that it is not as simple as imagined to impact the Japanese financial market.

Faced with Japan, the world's deepest capital reservoir, and wanted to leverage the trillions of dollars associated with the money market and carry out super strong operations, Byron and Marshall were even a little scared at this time.

"If the long-term appreciation trend of the yen is difficult to change, then even if the financial market is turbulent, it will prevent the global flood of the yen from flowing back, and the fundamental driving force for the yen!" Byron sighed.

Seeing Byron unable to withstand heavy pressure, Chen Hongtao walked to the floor-to-ceiling window and smiled: "The prospects of major economies in Europe and the United States are pretty good now, otherwise they will increase the demand for closing yen arbitrage transactions. There is no doubt that Japan has become the main exporter of global arbitrage transactions. The Bank of Japan has implemented low interest rates and maintained unsecured overnight lending interest rates to extremely low levels, which means that the financing cost is relatively significantly reduced. After many investment institutions borrowed yen at low interest rates, they converted it into high-interest currencies in the foreign exchange market for high-return asset investment in other currencies. And with the formation of the yen appreciation trend, once the risk aversion sentiment of investment in investment in high-risk markets, they will rush to withdraw from the high-risk market and exchange assets into yen to repay loans, thus creating a vicious cycle that pushes up the appreciation of the yen."

"Chan, if you say so, not only now, but even for a long time to come, will the appreciation of the yen be unstoppable." Marshall vaguely felt the opportunity.

"Of course it is unstoppable. Although the Bank of Japan has always interfered in the money market and frequently made warning statements, suggesting that it may interfere with the appreciation of the yen, in my opinion, even if the appreciation of the yen will not be too high in the future, it will seriously affect Japan's economy. When the Japanese government wants to interfere with the yen exchange rate, its effect may not be satisfactory. In the context of European and American countries seeking to increase exports, it is impossible to join forces with Japan to interfere with the foreign exchange market. If the Bank of Japan implements a policy to prevent the appreciation of the yen and manipulate the exchange rate, it will inevitably be opposed by the United States and other countries. Therefore, in the future, the Bank of Japan's attitude will mostly wait and see, and verbal warnings are greater than actual actions. The promotion of multiple factors has made the long-term appreciation of the yen an unstoppable torrent." Chen Hongtao was very affirmative and gave Byron and Marshall's reply in full.

"Morgan Bank has conducted a survey on the yields of long-term US Treasury bonds before. In the future, the yields of US Treasury bonds are likely to decline. This may cause the arbitrage funds that have flowed to the United States to consciously begin to return to Japan..." Byron said hesitantly.

"You may have missed the most important point. That is, once the Japanese financial market collapses, the Japanese banking industry will be hit first. Although Japan's interest rates are relatively low, at that time, the interest rates and unsecured overnight loan interest rates will only be lower." Chen Hongtao said with a smile.

"The collapse of the financial bubble has led to the collapse of the banking system. Not only will it not cause the yen to depreciate wildly, but will it completely break down the last barrier to the appreciation of the yen due to the lower interest rates?" Under the guidance of Chen Hongtao, Marshall has completely straightened the situation in the money market.

"Once the financial market collapses, the short-term trend of the yen will still be affected to a certain extent due to disorderly panic. However, the short-term currency depreciation caused by the collapse of the financial market should be viewed rationally and should not expect too much. If you want to go long for the exchange rate of the US dollar against the yen and see the depreciation of the yen, you must take the thunder down. The medium- and long-term trend is your biggest enemy." Chen Hongtao said to Byron with a playful thought.

"How do you know we are going to be long against the US dollar to the Japanese yen?" Byron said with some tantrums.

Chen Hongtao smiled and yawned: "No matter what, the impact effect brought by the collapse of the financial market is still too tempting. After all, most investors will not be as detailed as we argue. In the case of a collapse in the financial environment, the first thing that comes to mind is currency depreciation, which is enough to bring opportunities for operation. In addition, pushing the yen to depreciation in the short term is also more conducive to the opening of foreign exchange positions, as well as the related operations of the stock market, options, futures indexes, and real estate markets. Of course, this is just my guess. As for what you do and what you think, I am not sure."

Byron and Marshall were stunned and could not speak at all.

"I will go to Tokyo tomorrow. If you get the big money movement demonstration you want, is it time to go back?" Chen Hongtao said with a shy smile.

"What are you doing in Tokyo?" Byron said with a sensitive face.

"Damn, do you have to report to you about my private life? Your sister is waiting there. Do I dare not go?" Chen Hongtao said a little annoyed when he saw Byron's thief looking for an opportunity.

Byron nodded seriously: "Then I will go there tomorrow, and I miss Helen too, so I will take a look at her."

"Do you want to do a stalking and chasing now? Tell you that if you want to take advantage of me again, you will die as soon as possible." Chen Hongtao had a deep understanding of Byron's shamelessness.

"Hehe, are all friends!" Byron said in a strange Chinese smile, and then he made another disdainful expression and changed to English: "Even if you don't participate, I won't give up the opportunity to appear."

"It's easy, but the current situation of international hot money is a bit complicated, and the Japanese consortiums are in a stance. If you want to move, I advise you not to make a fuss, so as not to ambush people." Chen Hongtao laughed and no longer stayed in the living room.

Just as Chen Hongtao left the door and returned to the guest room, Byron and Marshall looked at each other and showed a bitter smile like a ghost.

After leaving Xiu Garden Hot Spring Hotel, looking at the quiet streets of the early autumn festival, Byron did not rush to get on the bus: "It seems that it is much more difficult to impact the Japanese financial market than we expected!"

"If I want to force operations and take the initiative, I have to hurry up and communicate with my family." Marshall said cautiously.

Byron lit a cigarette and took a deep breath: "Today Chen has analyzed the situation in the money market very thoroughly, but as he said, even if he communicates with the family, these situations should not be too ostentatious. What we know cannot be able to create unexpected opportunities for us in the future or become a powerful killer weapon."

"That guy Chen, can't he be so kind, right? He can even not tell us some valuable situations in the money market." Marshall smiled and looked at Byron.

"He is a dark guy, must have a purpose. I feel that he is looking forward to the chaos in the market and wants to make profits in the chaos. Even if we know valuable information, it can only be called the general basis for operation, not the key to absolute victory. In the capital market, choosing the same operation at different times will be completely different. He is at the steadily level of grasping the fighter jets, but we do not have such talent!" Byron said it, his expression showed a slight emotion on his face.

"Now it is not just a problem that the money market capital is too deep, but speculators from all sides are also difficult to master. Why don't we wait until Chen takes action before taking action?" Marshall said hesitantly.

"If you want to wait until that conspiracy guy takes action first, I'm afraid even if the Japanese financial market collapses, Japan's currency market is now the deepest capital reservoir in the world. God knows how many people who are hiding in this silently sounded and sneaky!" Byron couldn't help but smile helplessly on his face after speaking.

If Chen Hongtao knew about Byron and Marshall, he was talking bad things about him behind his back, he would be very wonderful.

"No, what you mean is that Chen Zaozao has been deeply involved in the Japanese financial market behind his back? The capital flow of Mingzhu Holdings has obviously not changed much..." Marshall said in horror.

Byron sighed: "It doesn't mean it's not that there is no one. Chen has been missing for two years and will not fall into a deep sleep. When he led Mingzhu Holdings to fight in all directions to build a huge country, this kind of capital operation talent makes people feel cold when thinking about it."

When Marshall thought that behind Chen Hongtao, the Xiaoyao King, might be terrified, there might be a fearful face hidden behind him.

"What are you going to do?" Marshall asked Byron after a while.

Byron's face gradually showed a firm smile: "Talk about it, that guy Chen is quite a friend. The gains we have found today are definitely not small. I plan to try to attack the Japanese financial market in the next two days. If you make a decision, we will discuss the details of the operation."

Marshall couldn't help but take a deep breath when Byron knew that there was a tiger on the mountain and went to the mountain. "Then let's do it. Even if the family doesn't move, I personally have enough funds to fight this."

Byron looked treacherous: "Don't worry, after coming here, I was relatively sure to visit Chen, a dark guy. Since we have made up our minds to operate, we still need to find someone."

"You still have to find someone? Do you want to pull other investment institutions?" Marshall was a little surprised by Byron's statement.

Byron's eyes were faintly restless and excited: "Only by choosing the right trend can other institutions follow us. The person we are looking for is William Newman, president of United Bank of Switzerland. In terms of the general trend and the overall international capital market, only he can be qualified to match Chen Hongtao. If he can drive United Bank of Switzerland, it will be a huge supplement to the amount of funds."
Chapter completed!