Core Viewpoint - Traders are optimistic about the offshore Chinese yuan, with its spot price reaching a new high for 2025, marking the fifth consecutive trading day of positive sentiment [1] Group 1: Market Sentiment - The one-month dollar/offshore yuan risk reversal reported at 0.47% on Wednesday, continuing a decline for five days, potentially reaching the highest level of yuan bullishness since May 28 [1] - The prices for put options betting on a decline in the dollar/offshore yuan are currently higher than those for call options, indicating a shift in trader sentiment [1] - Over the past few days, the premium for put options relative to call options has expanded, reflecting increased bearish sentiment towards the dollar [1]