Japan's economy is in the spotlight in Asia's business calendar this week as investors look to a suite of economic indicators for signs of recovery following a sales tax hike earlier this year.
Japanese retail sales, industrial output, consumer prices, employment and household spending for the month of September are due, alongside a Bank of Japan meeting.
Investors will also be combing through the monetary policy decision by the Federal Reserve following its two-day meeting this week, specifically if the central bank removes the phrase 'considerable period' for keeping funds rate low in its statement.
"My personal belief is that it [the Fed] will continue to see rates staying low for a considerable period of time and remain confident in its economic outlook, thus sending a message of confidence to the market," said Chris Weston, chief market strategist at IG in a note.
"This should also be USD positive; especially given the ballooning divergence between market pricing and the Fed's own central projections," he added.