US Rate Hike Odds Up, South Korea Trade Soars, Japan Sentiment Mixed

Market News
1. US Fed Fund Futures indicate an approximately 80% chance of a September rate hike, pushing Treasury futures lower.
2. South Korea posted its largest monthly trade surplus on record in June, with exports seeing their biggest year-on-year rise since October 1978.
3. The BOJ Tankan survey revealed Japan's big non-manufacturers' sentiment hitting a high since 1991 and firms expecting higher consumer prices.