TOKYO (AFX-ASIA) - The dollar was lower against major currencies in midafternoon on continued negative sentiment, with only concerns over intervention by Japanese authorities supporting the downside, dealers said. "I think the dollar/yen will continue to fall gradually for the time being, with investors cautiously watching the actions of Japanese authorities," said Hiroyoshi Kinoshita, deputy manager of the forex trading group at Aozora Bank. Japanese authorities may step into the market even if movements are gradual, he said, citing possible intervention at 122.80 yen after last week's action. "I think that Japanese authorities are now concerned about the dollar/yen level, not the speed of the yen's rise," he said. "It seems the scale of intervention so far has been very large. Under these circumstances, it is very difficult for market participants to take fresh positions." The dollar is likely to move in a 122-124 for the next week, Kinoshita said, adding that good first quarter GDP data in Japan on Friday may help strengthen the yen, even though market expectations are already high. "I was expecting that the dollar would turn stronger against the yen after the GDP announcement as positive data is digested in the market but, if you consider the weak sentiment towards the dollar, I don't think that it will happen." The euro was also stronger against the dollar. Kinoshita said the euro will likely continue its firmer tone, moving in a range of 0.9300-0.9500 for the next week.