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Axel Merk: JPY may fall to "infinity"

Japanese yen may weaken to “infinity” versus the dollar as central bank policies in Japan and the US diverge, according to Axel Merk of Merk Investments LLC.

The Bank of Japan’s unprecedented bond-buying program designed to reach an inflation target of 2% in 2 years, combined with the Federal Reserve’s QE tapering forecast, is putting pressure on the yen, said Merk. 

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