From Mr. Merk:
“We don’t think 100 [yen per dollar] is the limit; I think infinity is the limit,” says Merk, who is chief investment officer at Merk Investments, which manages a number of currency funds. “The yen is going to be worthless in a few years.”
(Courtesy of ‘fifht estate“)
Mr. Merk is a currency fund manager. Although he´s ‘betting’ right – short yen and long euro – he has no idea about why that´s right. He talks about safe-haven status and current account balances, but not a word about monetary policy in Japan and the Euro zone!