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A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates annual revenue of 1 0 million. If the exchange rate

A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates annual revenue of 10 million. If the exchange rate between the euro (EUR) and the Japanese yen (JPY) changes from 1 EUR =130JPY to 1 EUR =120JPY, what impact would this exchange rate movement have on the subsidiary's revenue in JPY terms?
Increase in revenue
No impact on revenue
Decrease in revenue
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