The yen has traded higher amid a backdrop of risk aversion, with the currency rediscovering its inverse correlation with stock markets. USD-JPY fell to a two-day low of 123.55 while EUR-JPY dipped to a low of 138.41. EUR-USD, meanwhile, oscillated around 1.1200, lacking downside impetus despite the stalemate in Greek negotiations with creditors. There was little fresh news leads of note in Asia. China's PBOC injected cash in an open market operation for the first time since April. Australian job vacancies rose 2.1% q/q in the three months to May, up from 1.4% last.
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