The first cycle with the Reserved Byte of 0x7E is open drain. I think you are clocking SCL too fast. When in open drain mode, reduce the clock to something like 400KHZ. I am working on the same part and it is ACKing me fine, but I clock it much slower. Check the datasheet, I think the top frequency is 3.4MHZ in push pull mode and then VCC must be greater than 1.8V. I don't have a scope attached. Only a simple logic analyzer. However, I uploaded a screenshot of this transaction. Notice that I can speed the clock up fast for the next byte which is the Common Command Code since it is push pull.