USD/JPY tested the resistance of 105.00 yesterday on the back of the US Dollar strengthening across the board, but the move was quickly reversed, which makes this level even more important. The currency pair started the Asian session on Friday at 104.74 and moved slightly higher. The current intraday maximum is set at 104.92, within a whisker of the above said resistance. As the market is waiting for another big event of the week, US Non Farm Payrolls, the trading might be rather directionless . According to the forecasts, the US economy created about 197k new jobs in December, but other indicators of labour market ... (full story)