TOKYO (AFX-ASIA) - The dollar turned top-heavy against the yen in midafternoon trade after reaching the 120.00 level against the yen, pressured by exporter selling, dealers said. A dealer with a local trust bank said the dollar is now in a correction phase following heavy selling last week, adding: "Weak-dollar sentiment has not changed." "Because of the recent rise in the dollar, I don't think the dollar/yen range has changed from the 120.00-125.00 level," the dealer said. The dealer said the dollar will soon be pressured again, due to expected repatriation of funds by Japanese investors in August. "After heavy selling of the dollar last week, the dollar has entered into a correction phase. I think in August, selling of the dollar will reemerge as Japanese investors start repatriation," the dealer said. The dealer said the dollar's correction will continue for a week, but added that upside will be limited to around the 121.00 level, amid pressure from Japanese exporters. "In addition, quarterly US GDP, which investors are expecting pretty good figures from, is due to be out tomorrow. After this, it is possible that the dollar will be pressured again, after the forex market digests all the positive news from the US," the dealer said. The euro was little changed against the major currencies with no new leads, dealers said. The dealer said euro/dollar will move in a range of 0.9800-0.9950 for about a week, adding that the euro will largely continue at below parity against the dollar. "If we compare the economy of Europe with that of the US, the European economy remains weak. I think the movement of the euro will continue to depend on the dollar," the dealer said.