The experienced goalkeeper is eagerly anticipating Wednesday's match and is wary of la Celeste's attacking strength
The hosts beat Japan, Mexico and Italy in the group stage of the competition and will be looking to extend their hot streak against their continental rivals in order to book their ticket to the final.
"Uruguay are very strong in attack and each of their attacker can decide a game on his own," Julio Cesar was quoted as saying on the official Fifa website.
"I know them all well and we shall have to beware. The tiniest thing can decide a match.
"They will be confident as they won the Copa America in 2011, but there's no favourite in this game."
Wednesday's last-four encounter will be held in Belo Horizonte.