Japanese equities rose to a new six-year closing high on Monday, it's final trading day of the year, after dollar-yen hit new multi-year highs. Elsewhere, the rest of the region was mixed in subdued trade due to the holiday period.
A tepid handover from Wall Street last week capped larger gains in the region. The S&P 500 and the Dow were little changed, while the 10-year Treasury note yield rose above the 3 percent threshold, hitting its highest levels since July 2011.
Key data in the week ahead includes U.S. consumer confidence on Tuesday and weekly jobless claims on Thursday. Fed officials including Chairman Ben Bernanke are due to speak on Friday.
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