The Japanese yen’s plunge is the most ‘textbook-driven’ currency move in 30 years, analyst says

From cnbc.com

video The worst is not over for the Japanese yen — it could plummet even further in the coming months, according to Jesper Koll, director of financial services firm Monex Group. “I think the parabolic overshoot is still on track, so I expect we’re going to see 150, 160 at some point over the next couple of months,” Koll told CNBC’s “Street Signs Asia” on Wednesday. The Japanese yen slumped to a 24-year low on Wednesday, and stood at 144.35 against the U.S. dollar — the weakest it has been since August 1998. The currency has since pulled back slightly and traded around 144 against the greenback ... (full story)