Weak U.S. ADP employment in November has boosted expectations for an interest rate cut in December to nearly 90%, but disagreements within the Fed still exist. Asia's emerging market currencies are facing a recovery window, with the RMB and South Korean won benefiting, while the Indian rupee and Philippine peso are under pressure. The Japanese yen is still in trouble due to the limited effect of the Bank of Japan's policies. Watch for resolutions and inflation data.