TOKYO, March 22 (Xinhua) -- The U.S. dollar fell to the upper 105 yen zone Thursday in Tokyo as selling was prompted after the U.S. Federal Reserve indicated milder-than-expected interest rates hikes.

At 5:00 p.m., the dollar was quoted at 105.68-70 yen compared with 105.99-106.09 yen in New York at 5:00 p.m. Wednesday. It moved between 105.58 yen and 106.05 yen during the day.

The euro fetched 1.2373-2375 dollars and 130.76-80 yen against 1.2333-2343 dollars and 130.81-91 yen in New York late Wednesday afternoon.

Japanese financial markets were closed Wednesday due to a national holiday.