TOKYO, Aug. 1 (Xinhua) -- The U.S. dollar changed hands in the upper 108 yen zone in early deals in Tokyo on Thursday, largely in line with its levels in New York overnight where the currency was bought on diminishing hopes for a further rate cut by the U.S. Federal Reserve.
As markets opened here, the dollar was quoted at 108.83-84 yen, compared with 108.71-81 yen in New York and 108.55-56 yen at 5 p.m. on Wednesday in Tokyo.
The euro, meanwhile, fetched 1.1072-1072 dollars and 120.49-50 yen against 1.1065-1075 dollars and 120.40-50 yen in New York, and 1.1151-1153 dollars and 121.05-09 yen in late Wednesday afternoon trade in Tokyo.