USD/JPY closed lower on Tuesday ending a two-day correction off last week's low. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning neutral to bullish hinting that a short-term bottom might be in or is near. Closes above Monday's high crossing are needed to confirm that a short-term bottom has been posted. If it renews last week's decline, November's low crossing is the next downside target.
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