GBP/JPY setling back into 150.00 as Yen climbs again in Asia

• Sterling capitalized on Yen's walk-back through Wednesday, but giving back gains in the Tokyo session.
• UK GDP, Japanese leading CPI due today ahead of Easter weekend.

The GBP/JPY is declining in early Asia trading after jumping higher in Wednesday's trading and is now pushing back towards the 150.00 handle.

Thursday sees a healthy data dump from the UK at 08:30, and the notable figures will be the UK's 2017 4th quarter GDP, forecast at 0.4 percent, matching the previous period, while UK Mortgage Approvals for February are anticipated at 66 million, a slight decline from the previous period's 67.478 million.

Japan will see the Tokyo CPI at 23:30 GMT today, and the CPI Core is forecast at 0.9 percent, in line with the previous reading. Tokyo CPI is used as a bellwether for the national inflation figures to come later.

GBP/JPY Levels to watch

With the Sterling dropping against the Yen in the Tokyo session, resistance is priced in at yesterday's high of 150.60, with further resistance at February's swing high into the 151.00 major psychological level. Support is sitting at this week's swing low at 148.90 and the week's low point of 147.85.