USD/JPY closed lower on Thursday and above May's low crossing. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this month's decline, last November's low crossing is the next downside target. Multiple closes above the 20-day moving average crossing would confirm that a short-term low has been posted.