USDJPY is ending the trading week at a level that leaves us all in suspense for the start of next week. The pair is currently trading at 103.96 with a big resistance level at 104.00-30. There would theoretically be a potential for a double bottom should prices break above this resistance next week, but one would be hard pressed to aggressively short the yen so long as it trades above its support level. Basically, this is a make-or-break moment for USDJPY in which we will either see renewed selling pressures (trend continuation, possibly followed by a break below 100 if the dollar comes under sustained pressure in the weeks ahead) or a bullish breakout (possibly fueled by intensified speculation over an extension of the BoJ's QE program + maintained called for a Fed rate hike).