Tokyo markets see volatile day after BOJ tweaks ultraeasy policy

Tokyo's financial markets saw a volatile day Friday as investors struggled to digest the Bank of Japan's decision to tweak its ultraloose monetary policy by allowing long-term yields to be more flexible.The Nikkei index ended modestly lower after briefly plunging more than 850 points, its biggest intraday loss since last December, while the U.S. dollar briefly sank to near the 138 yen line after climbing to as high as around the 141 yen line.At 5 p.m., the dollar fetched 139.75-78 yen compared with 139.45-55 yen in New York and 139.98-140.00 yen in Tokyo at 5 p.m. Thursday. The dollar moved…READ FULL ARTICLE