The EUR/JPY price forecast shows that the currency pair has resumed its uptrend within an ascending trend channel above the 160.00 level. This indicates that the pair is likely to continue moving higher in the near future. Traders should keep an eye on this development as it could present opportunities for profitable trades. The overall trend for EUR/JPY remains bullish as it continues to trade within the upward channel. This signals strength in the euro against the Japanese yen.