The US dollar turned higher against the yen in midday trade here, as buying of the greenback by Japanese importers helped stem losses emanating from the Bank of Japan's (BoJ) June Tankan survey released earlier, dealers said. The dollar fell to as low as 114.11 yen after the upbeat Tankan results appeared to strengthen the case for the BoJ to end its zero interest rates stance and hike its overnight call rate as early as this month. "With capital spending rising at a faster than expected pace and prices at a level forecast by the BoJ's nine policy board members, the central bank has now cleared the last hurdle in the way of ending the zero call rate policy," JP Morgan Securities chief economist Masaaki Kanno said."And if the central bank decides not to hike rates (at its meeting) in July, it needs to have an explanation," he said. Forex traders though were not so sure that the latest survey results will be enough to convince the BoJ to undertake a series of measured rate hikes, in the same vein as the US Federal Reserve. "The latest Tankan data simply endorses the view, which has been prevalent in the market, that the BoJ would end the zero call rate policy either in July or August," Bank of Tokyo Mitsubishi UFJ forex analyst Masashi Hashimoto said. "But this report did not contain anything that will convince the market that the BoJ will keep hiking interest rates going forward," he said.