With the widely-followed EURUSD hitting a new 11-month low under 1.3250 yesterday, it’s not surprising that sentiment is particularly dour toward the single currency. Taken from a broader perspective, however, the euro has actually been outperforming some of its major rivals, including in the EURGBP and the subject of today’s piece, the EURJPY. Earlier this month, EURJPY peeked down to a fresh YTD low under 136.25. As we always note though, it’s critical to watch for a daily close before confirming a breakdown, and has fate would have it, rates recovered back to the upper-1.3600s, creating a large Piercing Candle* on ... (full story)