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TOKYO, Nov. 24 (Xinhua) -- The U.S. dollar changed hands in the lower 111 yen zone in early deals in Tokyo on Friday.
The dollar retreated against the yen overnight in London to a two-month low as median market forecasts are now for the U.S. Federal Reserve to hike interests rates at a slower pace than previously thought.
As markets opened here, the U.S. dollar was quoted at 111.26-27 yen compared with 111.15-25 yen at 4 p.m. on Thursday in London.
The euro, meanwhile, fetched 1.1850-1851 dollars and 131.85-86 yen against 1.1835-1845 dollars and 131.65-70 yen in late Thursday afternoon trade in London.
Both markets in Japan and the U.S. were closed on Thursday for national holidays.
