The Wall Street Journal reports on further speculation the People’s Bank of China will further weaken the yuan

  • to 6.75 per dollar over the next year

The Journal cites Stephen Jen, managing partner of London-based hedge fund SLJ Macro Partners LLP

  • Says yuan "could come under more selling pressure"
  • Expects the yuan to weaken a further 10% against the dollar this year

More at the link, which is gated:

Traders Increase Bets Against Yuan

Currencies pegged to buck like Hong Kong dollar and Egyptian pound also face pressure