TOKYO (AFX-ASIA) - The yen was higher against the dollar in midafternoon trade on selling of the US unit by exporters, but the upside was limited due to continued intervention fears, dealers said. A senior finance ministry official told AFX-ASIA that the ministry will continue to intervene in the foreign exchange market when appropriate, adding the ministry is not concerned over the amount of yen it may need to buy dollars. A dealer with a US bank said that intervention fears remain in the market following yesterday's intervention by the government. "It is possible that the government will intervene in the market again at around the 116.00 level," he said. The dealer said he expects dollar/yen to move in a range of 116.00-118.50 this week, adding that final US second quarter GDP due out Friday will not impact the market much. "Market participants are waiting to see data calculated after the terrorist attacks in the US. I don't think people are paying particular attention to the second quarter figure," he said. The dealer said the government is successfully keeping dollar/yen at around the 117.00 level via market intervention. But he said it is still uncertain what the government is trying to achieve by the intervention. "We don't know what the government is trying to achieve by the intervention; is it to support Japanese firms? Or is it to keep dollar/yen level stable? We don't know," he said. The euro was stable against the major currencies amid a lack of fresh leads, dealers said. The dealer said he expects euro/yen to move in a range of 106.00-109.00 this week.