USD/JPY is almost unchanged as we start the new year. In Thursday's European session, the pair is trading in the mid-105 range. In economic news, there are two key releases out of the US on today's schedule - Unemployment Claims and ISM Manufacturing PMI. There are no Japanese releases on Thursday, as Japanese markets are closed for a holiday. All eyes will be on Unemployment Claims, which will be released on Thursday. Last week's release pointed to a sharp drop, as the key employment indicator bounced back nicely following two disappointing releases. With the Federal Reserve poised to begin its long-awaited QE taper ... (full story)