Looks like intervention spotted in the yuan - big Chinese state-owned banks acting

Reuters with the report of intervention efforts

• Major state-owned Chinese banks swap yuan for USD in forwards market
• selling USD in spot (buy yuan)

This comes after some PBOC jaw boning earlier:

• https://images-old.investinglive.com/20180703/usd-cny-chart-intervention.png

Update on USD/CNH (offshore yuan):

And, update for the onshore CNY:

Earlier today the PBOC set the onshore yuan at a 10-month low

While the PBOC wants a lower yuan they won't be too keen on too fast deprecation. Chinese stocks have been hit today … they will not want those to fall to hard either.