The U.S. dollar traded in the upper 118 yen range early Tuesday morning in Tokyo following a plunge to as low as 116.15 yen in New York overnight, the lowest level in seven-month. At 9 a.m., the dollar was quoted at 118.87-93 yen compared with 118.36-46 yen in New York and 120.40-41 yen in Tokyo at 5 p.m. Monday.
The euro fetched 1.1582-1583 dollars and 137.65-67 yen against 1.1615-1625 dollars and 137.41-51 yen in New York and 1.1483-1485 dollars and 138.26-30 yen in Tokyo late Monday afternoon.
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