Rebirth 1983: Building My Business Empire
Chapter 342 - Chapter 342 Chapter 331 Plaza Accord

Chapter 342: Chapter 331 Plaza Accord Chapter 342: Chapter 331 Plaza Accord Wu Ziyue was having dinner at home when suddenly the phone rang; he immediately put down his chopsticks to answer. Hearing what the person on the other end said, he was startled and asked, “What did you say?”

The person on the other end said, “Just now, Island Country, America, and three other countries signed the ‘Plaza Accord’ at the RB Plaza Hotel, stipulating that the Japanese Yen and the Mark must appreciate significantly. You need to hurry back to the company.”

Snapping back to reality, Wu Ziyue replied, “Okay, I’ll head back to the bank now.”

Seeing him hastily grab his briefcase, Wu Ziyue’s wife quickly handed him his coat to put on. As he was putting on his shoes, she took some bread from the refrigerator, packed it in a bag, and handed it to him.

As Wu Ziyue waited for the elevator, he munched on the bread while thinking about Lu Jiaxin’s contract. Although he hadn’t stopped Lu Jiaxin from using such high leverage, he had already sentenced her to death. A mere three percent fluctuation in the exchange rate would blow her position, leading to total loss–who could have predicted such an accord would emerge.

At this moment, Wu Ziyue was extremely relieved he had reported back; Lu Jiaxin must have received the news in advance and then decided to use such high leverage to short. However, the timing was just perfect. Today was Sunday, the markets were closed, and with the accord, the greenbacks/Japanese Yen rate was sure to fall when the markets opened tomorrow. Miss Lu was going to make a fortune on this trade.

Nie Zhan also got the news in the shortest time possible. He immediately called his broker on Wall Street, instructing him to short greenbacks/Japanese Yen with all the money in his account; then, he turned around and called the big bosses at Worldwide Precious Metals and Standard Chartered, moving all the money in his accounts to short greenbacks/Japanese Yen.

Having arranged all these matters, Nie Zhan called Lu Jiaxin to ask how much money she had on hand, “Give me your money, I’ll invest it for you.”

Forex trading is also a form of financial investment, albeit with higher risks; usually, it’s done with extra cash.

“What kind of investment?”

Nie Zhan briefly explained the contents of the Plaza Accord, then added, “With this accord announced, the Japanese Yen will appreciate significantly, which means the greenbacks/Japanese Yen exchange rate will definitely drop. Shorting it now will surely make a profit.”

“When was this accord released?”

“Half an hour ago. Jiaxin, this needs immediate action. The news will spread quickly, and if you’re too late, there won’t be any orders left for you to execute.”

Lu Jiaxin sighed, thinking this was the advantage of having a wide network! Unlike her, she would certainly not get the news today and would only find out once the market opened tomorrow, by which time it would be too late.

Seeing she didn’t respond, Nie Zhan thought there might be an issue with the call, “Hello? Hello? Hello? Jiaxin, Jiaxin, can you hear me?”

Lu Jiaxin stuttered, “I, I only have a little over one hundred fifty million left in my account, I’ve invested everything else.”

Nie Zhan was shocked and asked, “Wasn’t all your money in the stock market? How come you made another investment?”

Lu Jiaxin mumbled, “That project will definitely make money. Don’t worry about me; you go ahead and buy if you have the money!”

Seeing that she didn’t want to share the details with him, Nie Zhan felt somewhat disappointed, which meant Jiaxin didn’t trust him. But he knew he couldn’t force such matters, and said, “In the future, when making big investments, you must tell me; I can help you strategize, understand?”

“Okay.”

Lu Jiaxin agreed readily, but she planned to continue doing things her own way in the future. She had hesitated before about whether to share some information with Nie Zhan but realized after today’s events that it was completely unnecessary. His sources were so well-informed that he didn’t need any advance notice from her to seize opportunities. Well, like the stock market crash two years later – that unforeseen disaster – she would give him a subtle heads-up then.

Thinking of what Nie Zhan had just said, Lu Jiaxin called Wu Ziyue, but unfortunately, no one answered. After waiting a while, all she got was a busy signal.

Feeling she couldn’t wait any longer, Lu Jiaxin immediately put on her coat and said to Gu Wenfeng, “Let’s go, we’re heading to HSBC Bank.”

Sunday is usually a day off, and under normal circumstances, most people would be on vacation. However, when Lu Jiaxin arrived, the place was bustling with people.

After waiting for over half an hour, Lu Jiaxin finally met with Wu Ziyue. Once they closed the door of the office, Wu Ziyue congratulated Lu Jiaxin.

Lu Jiaxin said with a smile, “It’s still too early to talk about that. I’m using a leverage of thirty times, and if the exchange rate goes up by 3.3%, it’s all over–I’ll be wiped out.”

Wu Ziyue felt her words were too modest, “With this agreement coming out, the greenbacks/Japanese Yen exchange rate is bound to fall tomorrow, and there’s no way you’ll be wiped out. It’s just a matter of when Miss Lu will close her position.”

Lu Jiaxin responded, “I’ll close the position after a ten percent drop in the exchange rate and then buy back in with ten times leverage. Manager Wu, I wonder if that’s possible?”

With the agreement out, those in the know were aware that shorting could be profitable, and orders would surely flood in. However, Lu Jiaxin was something special, and Wu Ziyue wanted to build a good rapport with her.

After some thought, Wu Ziyue asked, “Miss Lu, what’s your opinion on this agreement?”

Lu Jiaxin shook her head and said, “After this agreement, the Island Country’s economy will experience a false prosperity, followed by a recession.”

Wu Ziyue was adept at catching the main point, “Does Miss Lu mean the greenbacks/Japanese Yen exchange rate will continue to fall?”

“There will be fluctuations, but the overall trend will keep going down for a year.”

Wu Ziyue made up his mind and said, “Miss Lu, I need a definite time to hold your order for you.”

Lu Jiaxin thought for a moment and said, “October 1st, no matter how much the exchange rate has fallen, I’ll be out. Leave ten million greenbacks and buy back in with ten times leverage for the rest.”

Wu Ziyue weighed it in his mind and finally agreed.

With such a large sum of money involved in the transaction, it couldn’t just be a verbal agreement since it might harm the interests of one party, so the two signed a letter of intent. Of course, this was premised on Lu Jiaxin making a profit–if she were wiped out, the paper would be worthless.

Lu Jiaxin shook hands with Wu Ziyue and said, “Thank you, Manager Wu.”

Wu Ziyue seized the opportunity to say, “Miss Lu, I hope we can work together more closely in the future.”

That was the reason he was willing to sign the agreement. As for luck, he only believed in strength and not in any luck.

Lu Jiaxin said with a smile, “We will have many opportunities to work together in the future.”

Among several managers, she had the best impression of Wu Ziyue. Not only was he responsible and dedicated, but he also had a strong sense of professional ethics, which was why her funds were all in HSBC Bank and why she was shorting.

When Lu Jiaxin got home, she found that Nie Zhan was already there, and she asked somewhat guiltily, “How come you’re here?”

Seeing her like this, Nie Zhan decided not to ask about Lu Jiaxin’s investments. The money was hers, and she probably had a plan for her investments. Persistently asking might strain their relationship.

Nie Zhan took the bag carried by the bodyguard, opened the zipper, and said, “This is a phone I bought for you. With this phone, we can be in touch at any time.”

Lu Jiaxin had seen bulky mobile phones in a friend’s collection and thought those old models were already quite heavy. But compared to what Nie Zhan took out, that was nothing.

“Isn’t this too cumbersome? My arm might get sore just from holding it to make calls.”

Nie Zhan glanced at Gu Wenfeng, Qian Xiaoxiao, and a few others and said, “You don’t need to carry it; they can do it for you. I have one too. It will be very convenient to contact each other if anything comes up.”

Lu Jiaxin nodded and asked Xiaoxiao to take the hefty device.

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