Nonlinear dynamics of an optically injected semiconductor laser for microwave frequency mixing are experimentally investigated. Through optical injection, the laser is driven into the nonlinear periodone (P1) dynamical state and acts as a broadly tunable photonic microwave oscillator. With an external current modulation at an intermediate frequency, the P1 oscillation is modulated accordingly, thus achieving frequency up-conversion beyond the laser bandwidth. Using a 2.5-Gbps-grade laser, binary phase-shift keying (BPSK) data signal is up-converted from an intermediate frequency of 2 GHz to a subcarrier frequency as high as 20 GHz. While the direct modulation bandwidth limits the intermediate frequency, it does not limit the subcarrier frequency. The approach uses only low-cost lasers and requires no high-speed electronic mixers.