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