Japan Eco Watchers Survey: Current registered at 51, below expectations (53.2) in June

Amid fresh developments on the Greek front overnight, with EU finally delivering a 5-day deadline to Greece to submit a new detailed proposal while even mentioning that the union was prepared for a Grexit, risk-off sentiment has heightened boosting safe-haven assets such as yen, US dollar, treasuries etc. Moreover, China stock markets rout also adds to risk-aversion denting commodities and equities across the board.