In quite a contrast, this week has been the best for Japan with 11 straight up days since 1988 and the worst week for China since 2009.
Eurodollar options are expiring today. There is a huge open interest at 1.10 strike and also at 1.095 strike. As of this writing eurodollar is trading at 1.0978. It appears that a big battle is going on between dealers who like to pin it at 1.1 and the dealers who would like to pin it at 1.095.