The People's Bank of China have had a buys morning doing not a lot:
and
Offshore yuan strengthened, USD/CNH falling under 7.1980 briefly, but has since retraced to be little changed:
![usdcnh chart lpr no change 22 January 2024 2](https://images.forexlive.com/images/usdcnh%20chart%20lpr%20no%20change%2022%20January%202024_id_8a39acbc-ba80-451f-a8d7-8404bed684b5_size900.jpg)
The People's Bank of China have had a buys morning doing not a lot:
and
Offshore yuan strengthened, USD/CNH falling under 7.1980 briefly, but has since retraced to be little changed: