The U.S. dollar changed hands in the mid-109 yen zone in early deals in Tokyo on Thursday, after dropping to the upper 108 yen level overnight in New York.

As markets opened here, the dollar was quoted at 109.41-42 yen compared with 109.48-58 yen in New York and 110.18-19 yen at 5 p.m. on Wednesday in Tokyo.

The euro, meanwhile, fetched 1.1214-1215 dollars and 122.70-74 yen against 1.1213-1223 dollars and 122.86-96 yen in New York and 1.1208-1209 dollars and 123.49-53 yen in late Wednesday afternoon trade in Tokyo.