GBP/JPY still riding low in the water, manages to make it back to 152.50

• GBP loses ground against the Yen as economic data for the UK disappoints.
• Sterling's attempts at bouncing are being helped by the Yen's Asia session weakness as risk bids higher.

The Sterling is struggling to find its footing against the Yen, lifting but still close to the floor near 152.45.

The GBP/JPY tumbled in Wednesday's action against, falling from the day's high of 153.60 after UK inflation and employment both disappointed Sterling traders, and the GBP took a beating for it. The GBP/JPY pair sank into the 152.00 major handle before staging a small recovery, but the GBP remains under pressure, even as the Yen walks back in the broader FX market as risk appetite swings into play for Thursday's session.

Next up on the Sterling docket will be Retail Sales figures at 08:30 GMT today, and a further miss for macro figures for the GBP could send the Pound even further down the tubes, as the steadily-worsening data for the UK pushes against the Bank of England's (BoE) plans to hike rates in May.

GBP/JPY Levels to watch

With the pair skittering across the floor, current resistance is priced in at the last turnaround at 152.70, with further resistance from yesterday's high at 153.60, with support at Wednesday's low near the 152.00 handle and last week's swing low at 151.20.