Wall Street closed out last week at records and the dollar slumped, setting the stage for Asia’s Monday trading day.

U.S. stocks touched record levels on Friday after major banks, including J.P. Morgan and Wells Fargo, announced better-than-expected quarterly reports. Earnings season kicked off last week and is expected to be robust, with fourth-quarter S&P 500 profits forecast to increase 11.2 percent, according to UBS.

The Dow Jones industrial average advanced 0.89 percent, or 228.46 points, to close at a record high of 25,803.19, the S&P 500 tacked on 0.67 percent to finish at 2,786.24 and the Nasdaq composite rose 0.68 percent to close at 7,261.06.

Meanwhile, data released Friday showed U.S. consumer prices excluding food and energy rose 0.3 percent in December from the prior month, beating the 0.2 percent forecast in a Reuters poll. Retail sales for December rose 0.4 percent compared to the month before while November figures were adjusted upwards.

Despite the positive consumer price read, the dollar slid further on Friday. The dollar index, which tracks the dollar against a basket of six currencies, sank as low as 90.902, compared to levels around the 92 handle at which it had begun the week. At 6:52 a.m. HK/SIN, the dollar index stood at 90.904.

The euro advanced to its highest levels in around three years, last trading at $1.2203. The move higher came following news that German Chancellor Angela Merkel had made progress on the formation of a coalition government. It also followed the release of European Central Bank minutes earlier last week that had been interpreted as hawkish by markets.

In Asia Pacific equities, futures implied a higher open for Japanese markets on Monday, with Nikkei futures traded in Chicago higher by 0.85 percent at 23,855 compared to the benchmark’s last close. Osaka futures were up 0.41 percent.

Sydney’s S&P/ASX 200 rose 0.5 percent in early trade. The materials and gold producer sectors were among the best-performing in early trade.

U.S. markets will be closed on Monday for Martin Luther King, Jr. Day.

Japan’s SoftBank Group intends to list SoftBank Corp., its mobile arm, both in Tokyo and abroad this year, Nikkei Asian Review reported on Monday. The listing could raise around 2 trillion yen ($18 billion) for the company, Nikkei added.

SoftBank said in a statement the listing of its mobile unit was an option for the company, but that no official decision had been made.

In other public offering news, online finance platform Lufax aims to list in Hong Kong in April, the South China Morning Post reported on Friday, citing anonymous sources. Lufax’s potential IPO would come hot on the heels of other “new economy” companies in Hong Kong last year, including online-only insurer ZhongAn Online Property & Casualty Insurance.

Here’s the economic calendar for Monday (all times in HK/SIN):

• 12:00 p.m.: Indonesia trade data
• 2:00 p.m.: Japan machine tool orders
• 2:30 p.m.: India wholesale price index data

— CNBC’s Fred Imbert contributed to this report.