Offshore yuan slips 5 pips to 6.7175

A five-pip move is statistically negligible, so the real signal is the tight trading range itself. That compression suggests the market is waiting for a catalyst rather than actively repositioning, which could reflect broader caution ahead of macro data or policy cues. For traders with CNH exposure, the absence of directional pressure is notable, but whether rangebound conditions persist or break is the key observation now.