USD/JPY closed lower on Monday as it extends some of last week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews last week's decline, the reaction low crossing is the next downside target. If it renews the rally off the late-May low, the reaction high crossing is the next upside target.