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USD/JPY closed lower on Wednesday and below the 20-day moving average crossing confirming that a short-term high has been posted. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off last week's high, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would confirm that a short-term high has been posted.