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Power-reverse to the future: falling yen revs up PRDCs again

Pressure on Japanese unit sparks revival in power-reverse dual currency notes

Yen dollar screen

Depreciation in the yen is sparking new growth in a powerhouse of early 2000s’ investment patterns – the power-reverse dual currency note.

The yen, which hit a 20-year low of 130.4 to the US dollar on April 29, has lost around 10% this year and is currently trading at 127 to the greenback. Betting on the further depreciation of their national currency, Japanese investors are turning in numbers to

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