AUD/JPY edges lower on risk aversion as traders expect Israel to respond to Iran’s assault. Australian Dollar faced challenges amid apprehensions that the RBA may ease monetary tightening in the foreseeable future. Japanese Yen could experience an intervention as Japanese ministers noted to take necessary measures to ensure FX stability.
However, China's Industrial Production in March increased by 4.5%, falling short of market expectations of 5.4% and the previous reading of 7.0%. Meanwhile, the Japanese Yen might have faced challenges due to the Bank of Japan's dovish outlook, consequently, limiting the downside of the AUD/JPY cross. The BoJ refrained from guiding future policy measures following the cessation of negative interest rates in March.