Onshore yuan closes at 6.6695 per dollar, up 9 pips

A nine-pip move is noise, not signal, and the headline number says little on its own. What carries more weight is the session's turnover at $38.581 billion, which points to steady two-way participation rather than a directional push. For offshore and onshore yuan watchers, the takeaway is that the fix and volume backdrop, not the daily pip count, are the better read on sentiment. Whether that participation holds through the next session is the open question.