• USD/CNH last 6.7937, tad higher than Monday but a bit shaky

• Would be new lowest since Mar 2023 if below yesterday's 6.7901

• Sudden but brief USD/JPY dip to 156.74 revives intervention fears

• Traders may pre-empt another drop, trigger a pullback in USD/AXJ

• But for now, higher UST yields ahead of US CPI support dollar

• Possible disappointment at inflation data poses a risk for USD longs
CNH


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