Bloomberg ranks Sean Yokota head of Asia strategy in at Skandinaviska Enskilda Banken in Singapore the most accurate forecaster for the yuan for Q2
SEB have now exited its long positions in the yuan
"Into year-end 2017, I think much of the move lower in the dollar-yuan rate is finished," said Yokota. "The PBOC's fixing behavior has recently turned more neutral and does not show a bias to strengthen the yuan against the dollar as we saw in May and June. The PBOC doesn't need to see a strong currency when exports are slowing."