The U.S. dollar changed hands in the upper 108 yen zone in early deals in Tokyo on Tuesday, dropping from its levels seen overnight in New York.

As markets opened here, the dollar was quoted at 108.72-73 yen compared with 109.22-32 yen in New York and 109.15-16 yen at 5 p.m. local time on Monday in Tokyo.

The euro, meanwhile, fetched 1.1964-1965 dollars and 130.09-13 yen against 1.1974-1984 dollars and 130.82-92 yen in New York and 1.1926-1927 dollars and 130.18-22 yen in late Monday afternoon trade in Tokyo.