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USD/JPY closed higher on Tuesday but remains below the 10-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging and are turning bullish signalling that a short-term low is in or near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends the decline off May's high, weekly support crossing is the next downside target.