Dec 17 (Reuters) - A look at the day ahead in Asian

markets.

Asian market sentiment is likely to remain subdued on Tuesday

following the release of mixed Chinese economic data the day

before, as investors digest unnerving political events in key

developed economies ahead of several G10 central bank interest

rate decisions later this week.

The resignation of Canada's finance minister and vote of no

confidence in Germany's Chancellor on Monday come on the heels

of a surprise credit rating downgrade for France on Friday.

While not impacting emerging markets directly, these could all

encourage investors to reduce risk exposure ahead of the central

bank policy blitz.

On the other hand, the dollar and U.S. bond yields were very

well contained and U.S. stocks rose sharply again on Monday -

the Nasdaq clocked its 36th closing record high of the year - as

investors anticipate a rate cut from the Federal Reserve on

Wednesday.

The Japanese yen fell for a sixth consecutive day on Monday

to a one-month low through 154.00 per dollar as traders cool on

the prospect of a rate hike from the Bank of Japan this week or

even in January.

Some of Japan's recent economic indicators have been fairly

strong, which on top of the national wage growth settlements

being agreed, would appear to bolster the case for the BOJ

moving sooner rather than later.

On the other hand, Japan's economic surprises index last

week hit its lowest in two and a half years. BOJ officials will

also be nervously eyeing the heating up of U.S.-China trade

tensions and pondering the potential fallout if Beijing allows a

significant depreciation of its currency.

A slim majority of economists in a Reuters poll published on

Friday said the BOJ will keep borrowing costs on hold again this

week. Last month's poll showed a slim majority predicting a

hike.

Elsewhere in Asian currency markets, the South Korean won

sold off again on Monday, as the country's Constitutional Court

began reviewing the impeachment of President Yoon Suk Yeol over

his Dec. 3 martial law proclamation. The process will decide if

he will be removed from office, while investigators plan to

question him this week on criminal charges.

The won is within sight of the low of 1443 per dollar on

Dec. 3, its weakest level in two years. A break below 1445 per

dollar will mark its weakest point since March 2009.

Sentiment towards Chinese assets remains mixed. Official

data from Beijing on Monday showed that foreign institutions cut

holdings in Chinese onshore bonds for the third month in a row.

The official disclosure chimes with recent figures from the

Institute of International Finance, which recorded outflows in

both China's bond and equity markets in November.

Here are key developments that could provide more direction

to markets on Tuesday:

- Hong Kong unemployment (November)

- Singapore trade (November)

- Germany Ifo and ZEW surveys (December)