TOKYO, March 29 (Xinhua) -- The U.S. dollar changed hands in the upper 106 yen zone in early deals in Tokyo on Thursday, dropping from the 107 yen level reached at one point in New York overnight.

As markets opened here, the dollar was quoted at 106.80-81 yen compared with 106.80-90 yen in New York and 105.46-48 yen at 5 p.m. on Wednesday in Tokyo.

The euro, meanwhile, fetched 1.2311-2312 dollars and 131.47-48 yen against 1.2304-2314 dollars and 131.43-53 yen in New York and 1.2398-2399 dollars and 130.75-79 yen in late Wednesday afternoon trade in Tokyo.