Futures pointed to a mixed open for Asian markets, with the focus likely to be on oil oversupply worries and hints from Federal Reserve officials' speeches.
Australia's SPI futures were up 0.5 percent at 5,327, compared to the ASX 200's last close at 5,337.10. Nikkei 225 futures in Chicago were down 0.1 percent at 16,130, while Osaka futures were up 2.5 percent at 16,100. The Japanese benchmark index closed at 15,708.82 on Monday.
On Monday, the USD/JPY rose 2 percent to 102.80 after hitting a low of 100.45.
Traders are likely to listen closely for clues on Fed rate expectations from Cleveland Fed President Loretta Mester, who is scheduled to speak at 9:30 p.m. ET Monday, and St. Louis Fed President James Bullard at 8:45 a.m. ET Tuesday.
Oil prices fell more than 1 percent, touching two-month lows on oversupply fears after lesser-than-expected drawdowns in U.S. Brent futures settled down 51 cents, or 1.1 percent at $46.25 per barrel, while U.S. crude futures finished lower 1.4 percent at $44.76 a barrel.
Meanwhile, the benchmark S&P 500 closed at a new all-time high at 2,137.16, led by information technology stocks. The Dow Jones industrial average closed 0.44 percent higher at 18,226.93, while the Nasdaq gained 0.64 percent at 4,988.64.
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