JGB Yields Spike, Asian Markets Slump, Oil Price Warnings Emerge

Market News
1. Japanese Government Bond (JGB) yields rose sharply, with the 2-year yield hitting its highest level since 1995, amidst indications that the BOJ will continue to raise interest rates and monitor inflation.
2. Asian stock markets showed significant weakness, marked by sharp declines in South Korea's KOSPI, Samsung, and SK Hynix, as well as Hong Kong and Chinese indices.
3. ANZ warns that Brent oil prices could surge to $120/bbl if regional supply disruptions worsen and market buffers weaken.