The US dollar fell against the yen on profit-taking in extremely thin, pre-holiday trading, dealers said. "The dollar met strong resistance due to selling by Japanese importers and speculators, and turned softer against the yen," Mitsubishi UFJ Securities foreign exchange manager Minoru Shioiri said. "Judging from today's extremely top-heavy movement, the dollar is most likely to resume its downturn, as the market still needs to adjust huge yen-short positions accumulated over the past four months or so," he said. "Investors may not be satisfied until they see the dollar fall to below 115 yen." At 1.05 pm in Tokyo (0410 GMT) the dollar was quoted at 117.30 yen versus 117.44 earlier in Sydney and 117.42 in late New York trade overnight. One euro was buying 1.1849 usd, compared to 1.1850 in Sydney and 1.1830 in late New York. The euro was little changed against other major currencies due to a lack of fresh trading leads, but the euro-zone currency is expected to gradually rise against the dollar on expectations the US Federal Reserve may end its tightening cycle sooner than later.