Break the PBOC? Funds aim at China'

Break the PBOC? Funds aim at China's yuan: Report
Asian central banks' monetary policy moves are also on markets' radar, with Australian and Indian rate decisions on Tuesday and the Bank of Thailand policy decision on Wednesday.

Shane Oliver, head of investment strategy and chief economist at AMP Capital, said in a note he was "doubtful that the latest bout of financial and commodity market turmoil has been enough to move the RBA out of its 'chilled out' state."

"We remain of the view that the RBA will cut the cash rate again the months ahead," Oliver said.

U.S. January non-farm payrolls are out on Friday, a key indicator for the U.S. Federal Reserve, which released meeting minutes last week that showed it believed the labor market had tightened, although there was little sign of wage inflation.

Markets expect headline growth of 200,000 jobs, down from 292,000 in November, with an unchanged unemployment rate of 5.0%, National Australia Bank said in a note.

NAB added that U.S. average earnings would be in focus, and were expected to have grown by 0.3 percent in January, from no growth the month before.