USD/JPY closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning bearish hinting that a short-term high might have been posted with last Thursday's high. If it renews this month's decline, November's low crossing is the next downside target. Closes above last Thursday's high crossing are needed to confirm that a short-term bottom has been posted.
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