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TOKYO, March 16 (Xinhua) -- The U.S. dollar changed hands in the lower 113 yen zone in early deals in Tokyo on Thursday, largely in line with levels seen overnight in New York and after the U.S. Federal Reserve opted to lift the target range for the federal funds rate.
As markets opened here, the dollar was quoted at 113.40-42 yen compared with 113.34-44 yen in New York and 114.69-70 yen at 5 p.m. on Wednesday in Tokyo.
The euro, meanwhile, fetched 1.0737-0737 dollars and 121.76-77 yen against 1.0729-0739 dollars and 121.65-75 yen in New York and 1.0638-0639 dollars and 122.01-05 yen in late Wednesday afternoon trade in Tokyo.
The U.S. Federal Reserve lifted the target range for the federal funds rate by 0.25 percentage point to 0.75 percent to 1 percent and kept its forecast that there would be three rate increases this year in total.
