The US dollar changed hands at the upper 111 yen level early Monday in Tokyo.

At 9 a.m., the dollar was quoted at 111.69-70 yen compared with 111.67-77 yen in New York and 112.27-29 yen in Tokyo at 5 p.m. Friday.

The euro fetched 1.1395-1396 dollars and 127.28-29 yen against 1.1378-1388 dollars and 127.12-22 yen in New York and 1.1382-1384 dollars and 127.79-83 yen in Tokyo late Friday afternoon.