Starting from July 7, fiat currency was exchanged for US dollars and was exchanged for fiat currency from 0.3 US dollars, falling all the way.

By September 10, it had fallen to one fiat currency for zero or one dollar.

In two months, the fiat currency depreciated by more than 60%.

Among them, the Japanese led the way, and a group of Shanghai financial speculators made trouble together.

Jia Zheng and Zhen Shanren have been awakened every day for the past two months.

In the financial market, they have never believed that fiat currency will continue to fall.

Since the middle of July, they have been selling fiat currency in the market and making long Japanese yen.

From July to early August, although the two currencies fluctuated, they did not make much money.

On August 13, the Battle of Songhu began.

Until August 20, the Kuomintang army had an advantage. These days, they had completely turned the other way in the market and lost a lot of money.

However, these two people and the speculators in more than a dozen small circles they gathered together jointly believe that the depreciation of fiat currency and the appreciation of the Japanese yen are the major trends.

Their persistence finally paid off: Japanese bankers secretly contacted them, indicating that they were standing in the same direction as them.

If they have insufficient funds, they are willing to provide them with loans.

This made Jia Zheng, Zhen Shanren and the others ecstatic: Help us in time!

This is the real timely help!

The Japanese who provided them with loans promised confidently that the Japanese army was preparing a big move and would know it in three days.

Let them hurry up and sell more fiat currency in the past three days, and they will definitely gain a lot of money by selling a lot of shorting.

In order to keep the exchange rate, Song Ziwen kept buying fiat currency from the foreign exchange market and selling Japanese yen.

At the beginning, the losses were not big, and both profits and losses were within the normal category.

After August 20, the fiat short orders on the market suddenly became much more surprising.

The entire market seems to be optimistic about the Japanese, and this signal is wrong!

The trends in the financial market represent the market's judgment on the trend of war.

These people are so sure that the national army will definitely lose?

Song Ziwen didn't know what these people made this judgment based on.

However, he was no longer able to maintain the fiat currency exchange rate, and the fiat currency fell 20% in three days.

The price fell from one fiat currency to $0.279 to one dollar to one dollar for $0.232.

This made Jia Zheng and Zhen Shanren and others make a lot of money.

However, they did not stop, but continued to use the profits in the middle to lend to Japanese banks and increase short selling efforts.

On August 23, the 3rd Infantry Division, the 9th Division, which was urgently transferred from Qingdao, landed in Sichuan Shakou.

The fiat currency immediately plummeted in the foreign exchange market, once again allowing the speculators who followed the Japanese to make a big profit.

Jia Zheng's value has increased five times compared to a month ago.

Zhen Shanren's value is the same. These days, Shanghai has launched a huge donation of money and materials to support anti-Japanese activities.

Both of them generously donated 100,000 French currency to support the anti-Japanese war.

Because the amount of donations was large, I was interviewed by reporters in the newspaper.

Donating money here to fight against the war, and shorting the fiat currency with the other hand is not inconsistent at all.

The result of the Shanghai financial war made He Wuxingxuan very excited, and this was the result of their efforts.

The Japanese were happy, and of course Song Ziwen felt uncomfortable: he not only spent all the 30 million foreign exchange he had just obtained.

It has also invested a lot of foreign exchange in the entire country, but it has not yet prevented the fiat currency from experiencing a huge spill in the foreign exchange market.

The Japanese joined forces with the speculators in Shanghai to short the fiat currency in a large manner, and the fiat currency depreciated significantly under this situation.

When speculators kept shorting fiat currency, it suddenly came that the third Japanese division was completely destroyed and the third naval fleet was completely destroyed.

When this news was passed on to the foreign exchange market, the exchange rate of fiat currency began to rise slowly.

From the lowest point of exchange for one fiat currency, it rose back to zero, two, three, two dollars.

This made the speculators such as Jia Zheng and Zhen Shanren feel uncomfortable, and their wealth soared a few days ago.

They have completely regarded this money as their own.

Now that most of your net worth has fallen suddenly, how can you bear it?

I must make back my wealth a few days ago. To achieve this goal, of course I need more capital.

The foreign exchange market is a zero-sum game, and those who short fiat currency have suffered a lot of losses.

Of course, this party represented by Song Ziwen will make a lot of money.

After recovering a lot of blood, Song Ziwen can finally feel more at ease.

He secretly prayed in his heart: Let the victory come more violently!

Only victory on the battlefield can enable him to achieve greater victory in the financial market.

Financial speculators in Shanghai once again borrowed from Japanese banks.

For these speculators’ loans, as long as there is a mortgage, the Japanese agree to add some leverage.

Because the two parties agreed that this money had only one purpose: shorting fiat currency and long Japanese yen.

This is something that the speculators in Shanghai do not do, but the Japanese bank also needs to do.

Even if Jia Zheng and the others did it, the Japanese would end up doing it.

Jia Zheng can now use one million as collateral and lend ten million to short.

This made it roll in joy, thinking that it could make its net worth rise again in just one hand.

The exchange rate of fiat currency is now closely related to the victory or defeat on the battlefield of Songhu.

The Chongteng Detachment died in more than 10,000 Japanese devils in a day. When this news spread in Shanghai.

The fiat currency suddenly surged, and suddenly rose to one fiat currency for USD 0.32.

It was much stronger than before the war.

Now, Jia Zheng couldn't stand it anymore. He had no extra money as a deposit.

The Japanese banker who had been smiling at it a few days ago immediately wanted to close its account.

However, there are too many short sellers in the entire market. Even if they want to close their positions, they cannot find their opponents.

This is embarrassing!

Jia Zheng's short order of fiat currency was closed when one fiat currency was exchanged for 0.45 US dollars.

At this time, the closing of the position caused the Japanese Bank behind it to lose 16 million US dollars.

There was so much loss in Jia Zheng's account.

Many Japanese banks have been in contact with many financial speculators in Shanghai in this shorting of fiat currency, which is a battle of national destiny.

They had to do their best and ended up encountering Waterloo.

Jia Zheng had no time to react. All the bank accounts of the small yard she lived in and the foreign companies she ran were accepted by the Japanese to pay off their debts.

The Japanese Bank took the IOU and asked the Black Dragon Club's ronin to collect debts.

Jia Zheng turned to the concession police station and was unable to prevent the Japanese from coming to receive assets: it is natural to pay back the debt!

Zhen Shanren's fate is no different. The fate of these more than a dozen speculators who shorted fiat currency together are no different.

Not to mention these speculators, even Zhang Xiaolin, a rogue tycoon, suffered heavy losses in this storm.

It also had to close its position when the fiat currency rose to 100.3 US dollars, and it lost more than 20 million yuan.

Zhang Xiaolin can close his position at 0:30 US dollars, but most speculators close their positions at 0:40 US dollars.

This was the result of Song Ziwen selling a lot behind his back. He made a lot of money in this game.

Zhang Xiaolin's dissatisfaction was certain.

The news from the battlefield made it clearly know who lost more than 20 million this time!

Which Wei Mingyang is it?

Many speculators who shorted fiat currency have gone bankrupt.

The banks opened by the Japanese also suffered serious losses. Fortunately, the speculators shared some of the burden, and the Japanese banks have not gone bankrupt yet.

The fiat currency surged and the Japanese yen fell sharply, and the most injured were the financial speculators, followed by the Japanese government, and the Americans were the second.

Sniping fiat currency in the financial market is originally the Japanese national policy, if the national policy is wrong.

They could only swallow this bitter fruit, but Hirota Hirota and Kaya Yoshinori did not admit defeat.

They believe that as long as the war continues: as long as the Japanese army can hit the national army again.
To be continued...