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TOKYO, July 28 (Reuters) The dollar stayed under pressure on Friday from fading expectations that the Federal Reserve would keep raising interest rates and as players took to the sidelines ahead of U.S.

second-quarter growth data.

The dollar briefly darted up against the yen after Japan's consumer price index for June landed within expectations. Some traders said the figures disappointed those looking to trigger further dollar selling.

A rise in Japan's jobless rate to 4.2 percent in June was higher than a market forecast for it to hold at 4.0 percent and may have triggered short covering of the dollar against the yen, said a trader at a big Japanese bank.

The dollar's basic bear trend stayed intact, given growing signs of slowing U.S. economic activity and inflation, traders said.

''The basic trend is dollar selling, based on prospects that inflation and growth will be weak,'' said a trader at another large Japanese bank. ''Investors are continuing to bet on the Fed pausing its tightening cycle, capping the dollar's rise.'' Rate futures show market players see less than a 50 percent chance the Fed will bump up the key short-term rate at its next meeting on Aug. 8, after boosting it for a 17th straight time to 5.25 percent.

By 0010 GMT the dollar was slightly higher at 115.85 yen but in sight of a two-week low of 115.30 yen hit on electronic trading platform EBS on Thursday.

The euro was little changed at $1.2695.

Japanese core consumer prices in June rose 0.6 percent from a year earlier, matching market expectations and extending a steady rise since November.

The Bank of Japan has said it expects prices to keep rising but traders said the latest figures offered few clues about the future pace of interest rate increases.

With the Japanese data out of the way, traders said they were focusing on U.S. second-quarter gross domestic product data due at 1230 GMT.

The data is expected to show that GDP grew 3.0 percent, a more moderate pace than the 5.6 percent growth enjoyed in the first quarter.

REUTERS SK KN0822