really it's the cool down that sucks air in. Think of the radiator in your car. You're driving it, coolant gets hot, expands, fills the overflow tank. You park the car, engine cools off, and it sucks coolant back from the overflow tank into the radiator.
Same thing with the crankcase. Air in it gets hot, expands, pistons moving up and down create pressure on both sides, air is pushed out. Engine cools, air cools and air is sucked back into the engine. This is how water vapor ends up inside a engine case, especially in winter months when the air contains more moisture.
Yes, the fumes would be forced out the breather, and hopefully, the liquid vapors caught in the line. I'm not really a fan of the line with a breather on it set up. I'd prefer a catch can, but that's just me.