China returns from holiday. Japan celebrates sports day. What's coming up

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China returns from holiday. Japan celebrates sports day. What's coming up

<p>It's a light start to the week in the US with the semi-holiday that's Columbus Day but the Asia-Pacific calendar has some notable events.</p><p>Most notable is that China is returning from a week of holidays. Global equities are lower than when China last traded so there's a negative bias and the 17% rally in oil prices is a tough one for China. Also note that the <a href="https://www.forexlive.com/news/weekend-data-china-september-services-pmi-dropped-into-contraction-first-time-since-may-20221009/" target="_blank">Caixin China services PMI </a>was released on the weekend and fell to 49.3 from 55.0. Yikes.</p><p>Japan is on holiday today for Sports Day.</p><p>Asia-Pacific data today includes:</p><ul><li>Australia AiG performance of services index for Sept.</li></ul><p>The Japanese holiday adds some extra intrigue to Friday's post-non-farm payrolls pop in USD/JPY. The pair is indicated at 145.35.</p><p>Get more details in the <a href="https://www.forexlive.com/EconomicCalendar" target="_blank">economic calendar.</a></p>

                This article was written by Adam Button at forexlive.com.

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