USD/JPY closed lower on Wednesday as it extended the decline off last Friday's high. The mid-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI turned bearish signalling that sideways to lower prices are possible near-term. Closes below the reaction low crossing would renew this summer's decline into uncharted territory. If it renews last week's decline, July's low crossing is the next upside target.