Asia-Pacific markets trade mostly higher on Monday, following Japan's central bank's head's speech that left markets uncertain about the country's rate outlook; investors await China’s Loan Prime Rate decision and Nvidia's earnings release this week.

The yen weakened as much as 0.5% to ¥155.14 against the dollar as Ueda’s comments proved less hawkish than some market participants had expected.

Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia , while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook.

Bank of Japan Governor Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices, underscoring his data dependent stance and keeping his options open over when to next hike rates.