USD/JPY closed higher on Friday as it consolidated some of last week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, November's low crossing is the next downside target. Closes above the 10-day moving average crossing would confirm that a short-term bottom has been posted.