Investors are hesitant to trade 'power reverse dual-currency notes' tracking the USD/JPY pair due to the high spot level.
The Yen has been weakening but investors in Japan may find some forex-linked structured products less appealing. These products perform well when the JPY depreciates against foreign currency compared to the level on the trade date - I sao Ogawa, Crédit Agricole CIB Japanese investors are turning their backs on power reverse dual-currency notes (PRDC) - FX-linked structured products that aim to enhance yield for those with Yen-denominated investments – because of the hi
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