Earlier from SAFE (China's State Administration of Foreign Exchange): • China's FX regulator says commercial banks bought $8.3bn of forex in June vs $3.3bn in May. • More from China's SAFE - expects foreign investors to keep buying yuan-denominated assets. SAFE with more specific yuan comments now: • Yuan flexibility is increasing, market understanding of two-way fluctuation and 'risk neutral' also increased. • Fed tightening is coming to an end, spillover effect is weakening. • Will keep yuan basically stable at balanced levels in a forceful manner. • Will prevent sharp volatilities in the yuan exchange rate. • Will ... (full story)