Australia TD Securities Inflation (MoM) declined to 0.1% in June from previous 0.3%

The Japanese currency continues to outperform the US dollar in early moves, with USD/JPY extending recovering near 122.50 levels. The major bounced-off a dip below 122 barrier, although remains undermined as the yen bulls remain in control amid increasing risk-off sentiment across the Fx board after the Greeks voted to refuse further austerity measures, conditions requested from a debt-ridden country by international creditors.