The AUD/USD currency pair traded steadily around 0.6895 during the early Asian session on Monday, reflecting market caution amid ongoing uncertainty over US-Iran diplomatic discussions, according to FX Street.
Investors are also awaiting the Reserve Bank of Australia's release of the minutes from its latest monetary policy meeting, scheduled for Tuesday, which could provide further direction for the Australian dollar.
For Japanese FX traders, movements in the AUD/USD pair remain relevant as shifts in commodity-linked currencies like the Australian dollar can influence broader regional currency trends and risk sentiment.