USD/JPY closed slightly higher on Monday as it consolidates some of last week's decline. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, January's high crossing at is the next upside target. Closes below the 20-day moving average crossing would confirm that a long-term high has been posted.