The U.S. dollar traded in the lower 110 yen range in early Tokyo deals on Thursday, marginally higher than levels seen in late trading in New York overnight where the U.S. currency dipped to a four-month low.

As markets opened here, the dollar was quoted at 111.34-35 yen compared with 111.11-21 yen in New York and 111.50-51 yen in Tokyo on Wednesday at 5 p.m. local time.

The euro, meanwhile, fetched 1.0790-0790 dollars and 120.13-15 yen against 1.0791-0801 dollars and 119.99-120.09 yen in New York and 1.0801-0802 dollars and 120.43-47 yen late Wednesday afternoon in Tokyo.