The US dollar received a late lift in afternoon trading here to end the Asian session at its highest level for the day against the euro and yen, as players raised their expectations of higher US interest rates this month. At 3.40 pm (0740 GMT) here, the dollar was at 113.41 yen, up from 113.00 yen in Tokyo exactly 3-1/2 hours earlier. The euro was at 1.2794 usd, down from 1.2831 usd in Tokyo. With little new data overnight, the dollar market had more time to further digest US Federal Reserve chairman Ben Bernanke's comments Monday, which the market regarded as being somewhat hawkish, dealers said. This led to stronger bets being placed on the Fed raising interest rates again at its Federal Open Market Committee's meeting on June 28-29. "Interest-rate futures indicate traders expect an 80 pct chance the Fed will raise its target rate at its meeting later this month, from 48 pct before Bernanke spoke," Leichtenstein's LGT Bank said. Before that, the European Central Bank (ECB) will make its monetary policy announcement on Thursday, and expectations are for an increase in its key interest rate of at least 25 basis points. But now that fewer market participants are expecting the ECB to make a bigger increase, of 50 basis points, the euro has been slightly on the back foot, dealers said. DBS Bank said that the possibility of an increase of half a percentage point cannot be ruled out.