TOKYO, March 23 (Xinhua) -- The U.S. dollar changed hands in the upper 104 yen zone in early deals in Tokyo on Friday, hitting its lowest level since November 2016, as U.S. trade policy may lead to retaliation from other countries.

As markets opened here, the dollar fetched 104.97-98 yen compared with 105.23-33 yen in New York and 105.68-70 yen in Tokyo at 5 p.m. on Thursday.

The euro was quoted at 1.2325-2325 dollars and 129.36-37 yen against 1.2295-2305 dollars and 129.45-55 yen in New York and 1.2373-2375 dollars and 130.76-80 yen late on Thursday afternoon trade in Tokyo.