• USD/CNY fix neutral estimate 7.3106, up from previous

• PBOC fix still tightly leashed, but may edge up from 7.1710

• Sharp rise in UST yields, after US CPI, lifted DXY

• USD/JPY was the biggest beneficiary, with a +1.3% gain

• Powell cautions on reading too much into CPI

• Trump says interest rates should be lower
CNYFIX:

(Ewen Chew is a Reuters market analyst. The views expressed are his own.)