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USD/JPY closed higher on Thursday as it consolidates some of the decline off February's high. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning neutral to bullish hinting that a short-term might be in or is near. Closes above the 20-day moving average crossing would confirm that a short-term bottom has been posted. If it renews the decline off February's high, February's low crossing is the next downside target.