USD/JPY closed lower on Friday renewing the decline off April's high. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off May's high, 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 bottom has been posted.