TOKYO (AFX-ASIA) - The dollar was little changed against the yen in midafternoon trading, with investors sidelined ahead of major US data following the poor GDP data released last week, dealers said. US third-quarter GDP data was revised to show a 1.1 pct contraction compared to a previous reading of a 0.4 pct decline and expectations of a 0.8 pct fall. The Chicago Purchasing Management Index showed a fall to 41.1 from 46.2 previously and compared to expectations of a reading of 45.0. In the US, among others, non-farm payroll and NAPM data will be released. Daiwa Bank dealer Hijiri Fujiwara said the dollar is most likely to trade in the 122.80-124.50 yen trading range for the rest of this week, with outstanding long dollar positions seen capping any rebound of the currency. "It seems that those who still have long dollar positions are now willing to lower levels of their sell orders, especially following the failure of upside tests of late," he said. "Also making the top-side of the dollar heavy is increasing insensitivity of the market to poor Japanese data." The Cabinet Office is expected to release third quarter GDP on Friday, with local economists forecasting a quarter-on-quarter contraction of up to 1 pct. "This data only showed how poorly the Japanese economy did in the past, while the question in focus is how it will do in the future," Fujiwara said. "Therefore, any poor GDP figures are not likely to encourage people to sell the yen sharply lower." The euro was firmer due to renewed concerns over the state of the US economy and uncertainty of the impact of the collapse of Enron on US economic activity, dealers said. "There is a good chance that the euro, in the process of the ongoing rebound, may test the 0.90 usd level," Fujiwara said.