Yen jiggles on BOJ hawk tilt as intervention jitters grow

The yen traded choppily as investors fretted about possible direct BOJ intervention after the central bank signaled a hawkish tilt and potential further rate hikes; 2-year Japanese government bond yields rose to about 1.25%, the highest since 1996, while global stocks were modestly higher and the dollar sagged toward its weakest levels of the year as Fed rate-cut expectations remained subdued.