• AUD/JPY gains ground with no significant geopolitical developments over the weekend.
• US Secretary of State Antony Blinken called for calm after an Iranian official stated no immediate plan for retaliation.
• The Japanese Yen faces challenges as BoJ Governor Kazuo Ueda advocated to maintain the loose monetary policy.

AUD/JPY snaps its two-day losing streak on Monday as risk-on sentiment returned, with no significant geopolitical developments over the weekend. Antony Blinken, the US Secretary of State, urged for calm after an Iranian official stated that there was no immediate plan for retaliation to the reported Israeli missile strike. Blinken made these remarks while addressing the press on Friday after the G7 meeting of foreign ministers in Capri, Italy, as reported by "The Guardian".

The Australian Dollar (AUD) edges higher alongside the higher domestic equity market. The ASX 200 Index gains ground for the second consecutive session on Monday, with the increase in metals prices, including Iron Ore, Copper, and Gold.