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USD/JPY closed lower due to short covering on Friday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bearish hinting that a high might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term high has been posted. If it extends this month's rally, December's high crossing is the next upside target.