USD/JPY closed lower on Thursday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI have turned bullish hinting that a short-term bottom might be in or is near. Closes above last Wednesday's high crossing are needed to confirm that a short-term bottom has been posted. If it renews the decline off January's high, the 62% retracement level of the November-January rally crossing is the next downside target.