The EUR/JPY dropped for the third straight session after hitting a multi-year high of 151.61, collapsing beneath the 149.00 figure on a 100-plus pip fall. A bearish engulfing candle pattern was followed by another bearish candle that dragged prices toward the 148.00 regions. At the time of writing, the EUR/JPY is trading at 148.92, down 0.05%, as the Asian session begins. Despite the ongoing correction on the pair, the EUR/JPY remains upward biased, which dragged the exchange rate 250 pips lower from its yearly highs. If EUR/JPY sellers would need to extend their gains, the pair must fall and reclaim last year’s high ... (full story)