USD/JPY closed lower on Tuesday as it extends the decline off last week's high. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are 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 renews this month's rally, December's high crossing is the next upside target.