USD/JPY - 88.12.. The Japanese yen has gained against other currencies in Asian n European morning trading as a sea of red is seen across Asian bourses after China released its Q2 GDP, showing economic recovery is slowing n the lacklustre debut of Agricultural Bank of China's $22 billion IPO has triggered risk aversion activities, the commodity currencies esp aud n nzd have been hardest hit with report of huge sales of aud by German name.