* Dollar edges higher versus yen
* Aussie shows resilience, barely reacts to Chinese trade data
* Canadian dollar slips on wildfire worries, oil rallies (Updates prices, adds comments)
By Ian Chua and Masayuki Kitano
SYDNEY/SINGAPORE, May 9 (Reuters) - The dollar edged higher versus the yen on Monday following a choppy end to last week, while disappointing trade figures out of China barely dented an already defensive Australian dollar.
The greenback advanced 0.2 percent to 107.30 yen. At one point on Monday, the dollar rose to as high as 107.635 yen, testing chart resistance right around that level.
The dollar index, which measures the greenback's value against a basket of six major currencies, last traded at 93.847 , up from Friday's low of 93.277.
The euro held steady at $1.1407.
The dollar initially fell on Friday after headline payrolls data showed the U.S. economy added the fewest jobs in seven months in April.
But the market was quick to reverse positions on closer look at the numbers, which showed an encouraging pick-up in annual wage growth.
Also helping the dollar's rebound was New York Federal Reserve President William Dudley who said two U.S. rate hikes this year were still a "reasonable expectation".
All that left the dollar back at, or slightly firmer than, levels seen prior to the closely watched payrolls report.
"Higher than expected annual wage growth keeps alive Fed rate hike hopes, but the growing risk is a delayed Fed rate hike," said Richard Grace, chief currency strategist at Commonwealth Bank.
"This week we have April retail sales on Friday, and we anticipate some further modest strength in the USD as leading Q2 economic data improves."
There was limited reaction to comments by Japanese Finance Minister Taro Aso on Monday that Tokyo is ready to intervene in the currency market if yen moves are volatile enough to hurt the country's trade and economy.
Analysts said market participants may be reluctant to increase their bearish bets on the dollar versus the yen at this point, after having ramped up such bets recently.
Such market positioning may help support the dollar in the near term and limit the risk of the U.S. currency falling below the 18-month low of 105.55 yen set last week, they said.
Any respite for the dollar, however, may prove short-lived, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.
"In the end, the market will probably try to push the dollar lower as the prospects for U.S. interest rate rises move further out, almost like a mirage," Okagawa said.