The AUD/JPY currency pair faced selling pressure following the Reserve Bank of Australia meeting Minutes. Reports indicated that the RBA considered a noteworthy 50 basis point cut in May, which influenced market behavior. As a result, the spot prices fell approximately 50 pips from the session high seen earlier in the Asian trading hours. Currently, prices hover around the 92.35 area. Despite the decline, the bearish momentum appears limited, primarily due to a generally weaker Japanese Yen (JPY). Traders should remain vigilant as other economic factors could affect this currency pair in the near future. Observing these developments will be crucial going forward.