The first bit is like the "u" in French "lune" (or the "ü" in German "früh"), isn't it? So, perhaps something like "as if spelled uè in French"?
("Like ühe in German frühe" probably wouldn't work because the e is usually reduced to a shwa there, which is not true - as far as I know - for the Chinese sound in yue, xue.)
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("Like ühe in German frühe" probably wouldn't work because the e is usually reduced to a shwa there, which is not true - as far as I know - for the Chinese sound in yue, xue.)