Bloomberg reporting info from their sources "familiar with the matter"

  • will continue direct intervention
  • measures being considered to restrict the CNY-CNH arbitrage gap and speculative trades especially foreign company deals
  • China will strengthen inspection on fake trades

The sources didn't say whether the PBOC has intervened today

Eamonn had this post from Morgan Stanley near the beginning of the Asian session suggesting the PBOC would need to intervene on the yuan given its fall to record levels yesterday, and judging by today's price action/yuan appreciation we can reasonably believe the central bank have been active.

USDCNH yesterday posted 6.7600 but had fallen over 800 pips today. MNI report the usual suspected agents being seen selling.

PBOC - Set to intervene further to prevent excessive yuan volatility