The dollar left lows against the yen in afternoon Asian trading after sliding to below 115 yen earlier on stop-loss selling, dealers said. Earlier in the day, the dollar fell to 114.97 yen, as investors sold the US currency when it hit 115.00 and 115.20 yen levels amid a flurry of stop-loss orders on the yen. A stop-loss order is an order to sell the currency when it falls to a specified level. "Disappointment over the extremely top-heavy movement of the dollar in recent trading prompted traders to dump and adjust long dollar positions," Chuo Mitsui Trust and Banking foreign exchange manager Yasuhisa Ishida said. But the dollar saw strong support below 115 yen on active buying from Japanese importers, as well as from retail investors and investment trusts, dealers said. At 1.00 pm Tokyo (0400 GMT) the dollar was quoted at 115.27 yen, compared to 115.26 earlier in Sydney and 115.35 in late New York trading. The euro was trading at 1.2044 usd, compared to 1.2058 in Sydney and 1.2010 in New York. Despite its choppy movements today, the dollar is expected to keep its firm tone against the yen as Japanese investors buy the dollar on hopes US interest rates will rise further, dealers said. "Due to growing top-heavy movement on the Japanese stock market of late, domestic investors are showing greater interest in allocating their funds on foreign assets for higher returns. "And as long as that capital flow remains intact, it would not be a surprise if the dollar tests 118 yen," Ishida added. Meanwhile, the euro was easier against major currencies, aping the upturn in the dollar versus the yen and on profit-taking in the euro-yen cross, dealers said. "But as Japanese investors are also aiming to allocate their funds more on euro-denominated assets than spending on Japanese assets, the euro is likely to move towards the 140 yen level," Ishida said.