Investing.com - The U.S. dollar edged lower against the yen on Monday, as demand for safe-haven assets was boosted after Greek voters overwhelmingly rejected conditions of a rescue package from creditors on Sunday.
USD/JPY hit 121.89 during European morning trade, the pair's lowest since June 30; the pair subsequently consolidated at 122.62, slipping 0.12%.
The pair was likely to find support at 121.91, the low of June 30 and a one-month low and resistance at 123.19, Friday's high.
Market sentiment was hit as the result of the Greek referendum added to doubts over the country's future in the euro zone and deepened a standoff with its lenders.
European officials have indicated that they will only continue to finance Greece in return for far-reaching economic reforms.
Greek Prime Minister Alexis Tsipras welcomed the outcome of the vote and said Athens was returning to negotiations with the express goal of reopening banks, which have been shut for over a week after capital controls were imposed.
Without more emergency funding from the European Central Bank, Greece's banks could run out of cash within days.
Euro zone leaders were expected to hold a conference on Tuesday night to discuss the aftermath of the Greek referendum.
The yen was higher against the euro, with EUR/JPY retreating 0.65% to 135.56.
Earlier Monday, official data showed that German factory orders fell 0.2% in May, compared to expectations for a 0.4% decline. Factory orders increased by 2.2% in April, whose figure was revised from a previously estimated 1.4% gain.