"In recent weeks the message that he's given is that we have seen signs of improvements in the U.S. economy and we're going to move towards tapering. Then he gives us the message that we got last week, so I think markets will be cautious ahead of Bernanke's testimony," said Robert Rennie, global head of currency strategy at Westpac.
Monday's weaker-than-expected U.S. retail sales for the month of June further added to uncertainty over whether U.S. monetary stimulus could stay in place.
Nikkei up 0.6%
Japan's benchmark index hit its highest levels since May 24 as the yen declined to the 100 handle against the U.S. dollar. Blue-chip exporters led the gains with Nintendo rallying 5 percent while camera maker Canon and consumer electronics firm Panasonic added over 2 percent each.
The index played catch-up with the region as investors cheered a milder-than-expected slowdown in China, suggested by Monday's second-quarter growth figures.
(Read more: Investors swap vulnerable bonds for property)
Speaking at a news conference with finance minister Taro Aso, economics minister Akira Amari said that the government will make efforts to strengthen the economy in order to go ahead with a planned sales tax hike.
Sydney 0.1% higher
Australia's benchmark S&P ASX 200 index was largely unchanged after the Reserve Bank of Australia's latest policy meeting minutes. The central bank left the door open to future easing in light of the recent declines in the Australian dollar, which they said would add to inflation risk.
In response, the currency jumped 1 percent to a session high of $0.9194 against the greenback. Experts said that the minutes signaled a hawkish tone.
(Read more: Hawkish minutes won't change Aussie's downtrend)
"Seldom do the minutes move markets as it's simply a stretched version of the original statement, however in a market searching at every turn for clues of an August cut, the minutes today have shown absolutely no rush to ease again" wrote Chris Weston, market strategist at IG in a note.