
Flash PMI Data: Why 35% Recession Odds Clash With Growth
Goldman sees 2.8% growth while J.P. Morgan flags 35% recession risk. I break down what this Flash PMI split means for your EM trades.

Goldman sees 2.8% growth while J.P. Morgan flags 35% recession risk. I break down what this Flash PMI split means for your EM trades.

USD/JPY targets 161.95 as the Strait of Hormuz stays closed. With Japan's growth slashed to 0.5%, intervention lacks real liquidity to stop the trend.