Chapter 12

⁠​​​‌​​​​‌‌​​‌​‌​​​​‌‌​‌​‌‌​​‌​​​​​​​‌‌‌​​​‌‌‌‌‌​​​‌‌‌‌​‌​​​‌​​​‌⁠Over the last three weeks I'd spent long hours on the phone handling Matsuo Noda's new hedging in the currency markets. The play started out modestly, but as his Eight Hundred Year funds became bloated with cash, it grew into an avalanche of speculative positions.

His guiding principle was to keep a low profile in order not to spook the markets, same as any good trader would do. Whenever the FOREX