Economic data from China, central bank meetings in Indonesia and South Korea and latest inflation numbers from India: there's a lot going on in Asia this week.
In addition to that, there's focus on the U.S. where data on Friday showed 113,000 new jobs were created in January versus market expectations for a gain of 185,000.
(Read more:Next up for markets—Yellen)
That forms the backdrop to a testimony by new Federal Reserve chief Janet Yellen Tuesday.
"There will be a lot of interest in Janet Yellen's first Congressional testimony as Fed Chairman on Tuesday," said Shane Oliver, head of investment strategy and chief economist at AMP Capital, in a note.
"Our expectation is that she will likely signal a continuation of the message [former Fed head] Ben Bernanke has been communicating, i.e. that growth is gradually improving and that as long as this remains the case tapering will continue," he added.