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USD/JPY closed lower on Wednesday as it extends the decline off July's high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning bullish hinting that a short-term bottom 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 extends this summer's decline into uncharted territory, downside targets will now be hard to project.