TOKYO, June 23 (Reuters) - Japanese government bond yields

were mixed in choppy trade on Tuesday as investors adjusted

positions, while an auction for the 5-year maturities was seen

as relatively weak.

Here are a few details:

* The 5-year yield rose 0.5 basis point to

1.910%. Yields move inversely to bond prices.

* The auction's bid-to-cover ratio, a measure of demand, was

3.11 times, the lowest since February; in May it was 3.22.

* "Yields have fallen to around 1.9%, and last month ...

city banks were buying medium-term bonds, so demand from banks

probably will not emerge unless yields reach 2%," said Miki Den,

a senior Japan rate strategist at SMBC Nikko Securities.

* The 2-year yield, most sensitive to Bank of

Japan policy rates, increased 0.5 bp to 1.41%. The benchmark

10-year JGB yield was flat at 2.670%.

* The 20-year JGB yield lost 0.5 bp to

3.565%, but the 30-year yield sank 1 bp to

3.840%. The yield on the 40-year JGB, Japan's

longest tenor, fell 0.5 bp to 3.765%.

* Finance Minister Satsuki Katayama said she held an online

meeting with U.S. Treasury Secretary Scott Bessent late on

Monday to discuss global financial markets, as concerns mount

over sharp currency swings.

* Pressed on whether currency intervention was explicitly

addressed, Katayama stopped short of confirming any such talks.

However, she underscored that Japan and the U.S. share firm

mutual understanding that decisive action will be taken if

necessary.

* "Given Bessent's track record of helping create the

conditions for BOJ rate hikes, the meeting could prompt bond

market speculation that the BOJ may accelerate the pace of rate

increases to stem yen weakness," Keisuke Tsuruta, senior bond

strategist at Mitsubishi UFJ Morgan Stanley Securities, said in

a note.

(Reporting by Satoshi Sugiyama; Editing by Sherry Jacob-Phillips

and Harikrishnan nair)