Markets

Merk say ultimate term target for USD/JPY is 'infinity', but not yet

Bloomberg reports on comments from Axel Merk, president and founder of Merk Investments

  • "Our increasingly pessimistic outlook on various markets suggests the yen might experience a period of outperformance in the near term"
  • "We continue to have 'infinity' as our ultimate price target for dollar-yen, in other words we think the yen will eventually be worthless"

Bloomberg adds that Merk initiated a long position in the yen in the Merk Hard Currency Fund on December 14

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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