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USD/JPY closed lower on Wednesday as it consolidates below the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are diverging but are turning neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off May's high, weekly support crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.