USD/JPY closed slightly higher on Monday as it consolidates above the 10-day moving average crossing. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bullish signalling that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews last month's decline, last August's low crossing is the next downside target.