EUR/JPY, GBP/JPY and AUD/JPY are all trading weakly late in the US session. Those hoping that the fleshing out of the EU-IMF aid package for Greece would have led to a risk rally are sucking wind late in the day.

US equities are still in positive territory, but only just. The Dow is above 11,000 and the S&P tickled the 1,100 level before stalling.

US yield are are soft, with the 10-year note at 3.84% down from 3.92% earlier.

EUR/JPY trades now at 126.65, near session lows. Same for GBP/JPY at 143.30 and AUD/JPY at 86.55.