Searching For Fed Terminal Rate

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 790.44 points at 27824.19
• ASX 200 down 173.288 points at 6836.4
• Shanghai Comp. down 33.31 points at 3230.487
• JGB 10-Yr future down 38 ticks at 148.71, JGB 10-Yr yield up 1.1bp at 0.256%
• Aussie 10-Yr future down 9.3 ticks at 96.331, Aussie 10-Yr yield up 9.8bp at 3.668%
• US 10-Yr future down 0-00+ at 114-30, 10-Yr yield up 1.17bp at 3.4197%
• WTI crude down $0.39 at $86.92, Gold up $2.09 at $1704.27
• USDJPY down 93 pips at 143.65
• INFLATION REPORT KEEPS FED ON AGGRESSIVE RATE-RISE PATH (WSJ)
• NOMURA CALLS FOR 100 BPS FED HIKE IN SEPTEMBER AS SPECULATION RISES (RTRS)
• UK BUSINESS WARNED OF DELAY TO STATE ENERGY SUPPORT (FT)
• YEN RALLIES ON REPORTS OF A BOJ PRECURSOR TO INTERVENTION (BBG)
• JAPAN’S KANDA SAYS ALL OPTIONS ON TABLE FOR FOREX RESPONSE (BBG)
• U.S. CONSIDERS CHINA SANCTIONS TO DETER TAIWAN ACTION, TAIWAN PRESSES EU (RTRS)
• BIDEN OFFICIALS WEIGH BUYING OIL AT AROUND $80 TO REFILL RESERVES (BBG)