AUD Dips Against Yen Amid China's Mixed Trade Data

The Australian dollar declined against the Japanese yen on Tuesday following China's mixed trade data for March. The AUD/JPY pair traded around 97.20, down 0.3% on the day.

China's exports rose 12.4% year-on-year in March, beating forecasts of 10.0%, while imports unexpectedly fell 1.2% against expectations of a 2.0% increase. This mixed performance suggests that while external demand remains strong, internal consumption is struggling.

The Reserve Bank of Australia's (RBA) dovish stance and the Bank of Japan's (BoJ) normalization policy have created a divergent environment for the two currencies. The yen has found support from safe-haven flows amid ongoing geopolitical uncertainties.