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USD/JPY closed higher on Wednesday and The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off last week's low, July's high crossing is the next upside target. If it renews the decline off July's high, the 50% retracement level of the March-July rally crossing is the next downside target.