Comments on Reuters a little earlier on possible/likely yuan intervention

From an unnamed trader:

  • "Major state banks are suspected of buyinng yuan whenever it nears 6.4 per dollar. This level appears to be where the PBOC wants to keep the yuan stable for today, possibly in the near term"

This sort of level has been clear on the intraday charts I've posted over the past few days, so its not a surprising comment .... just keeping y'all updated