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USD/JPY closed lower on Wednesday as it consolidates some of this summer's rally. The mid-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are diverging but remain neutral to bullish signalling that sideways to higher prices are possible. If it extends the aforementioned rally, weekly resistance crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.