The US dollar changed hands at the lower 108 yen level early Tuesday in Tokyo.

At 9 a.m., the dollar was quoted at 108.38-39 yen compared with 108.27-37 yen in New York and 107.65-67 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at 1.1383-1384 dollars and 123.37-39 yen against 1.1377-1387 dollars and 123.26-36 yen in New York and 1.1392-1394 dollars and 122.64-68 yen in Tokyo late Monday afternoon.