EUR/JPY is extending Friday’s advance and flirting with multi-session highs. The next higher target is the 2022 high of 1 8. 0. , EUR/JPY continues to rise, reaching the 1 7.70 area at the beginning of the week. Given the current price trend, the cross still has room to go shorter in the near term. However, the immediate upper barrier rises to the 2022 high of 1 8. 0 (October 21) ahead of the December 201 high of 1 9.78 (December 8). In the short term, the bullish momentum is expected to continue near the October low near 1 1.00. In the long term, although above the 200-day SMA of 137.36, the constructive outlook is expected to remain intact.