USD/JPY closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term bottom has been posted. Closes below the 10-day moving average crossing would signal that a short-term high has been posted.