USD/JPY closed higher on Monday confirming last Friday's key reversal up. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI have turned bullish signalling that a short-term low might be in or is near. Closes above the reaction high crossing would confirm that a short-term low has been posted. If it renews the decline off January's top, December's low crossing is the next downside target.