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USD/JPY closed lower on Monday as it consolidates around the 20-day moving average crossing. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to higher prices are possible near-term. If it renews the decline off December's high, December's low crossing is the next downside target. Closes above today's high crossing would temper the bearish outlook.