USD/JPY posted an inside day with a higher close on Wednesday as it consolidates some of the decline off January's high. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to lower prices are possible near-term. If it extends the decline off January's high, December's high crossing is the next downside target. Closes above last Thursday's high crossing would confirm that a short-term bottom has been posted.