The yen will become worthless:
The Japanese yen eventually will become ``worthless'' now that the Bank of Japan has launched an aggressive bond-buying program with no end in sight, said Axel Merk, president and CIO of Merk Mutual Funds, who set his price target for the currency at ``infinity.''
The Japanese yen is set to gradually depreciate in 2011 as fears of central bank intervention weigh on sentiment but persistent risk aversion prevents a sharp fall in the perceived safe haven asset.