FOREX-Dollar recovers from 14-yr low vs yen

* Dollar hits 14-year low below 86.30 yen, then rebounds

* Japan's vice finmin: not considering intervention now

* SNB declines comment on Swiss franc intervention rumours

(Recasts, updates prices, adds quotes and comment, changes byline and dateline. Previous: TOKYO)

By Jamie McGeever

LONDON, Nov 26 (Reuters) - The dollar rebounded from a 14-year low against the yen on Thursday as traders betting against the U.S. currency cashed in on its recent slide, but the prospect of persistent loose U.S. monetary policy ensured overall sentiment remained bearish.

A fall of 1.7 percent in European stocks .FTEU3 and U.S. futures pointing to a lower open on Wall Street also encouraged traders to pare back positions that involve selling dollars for other currencies and assets like equities and commodities.

Some analysts also said Dubai's shock move on Wednesday to restructure its biggest corporate debtor, Dubai World, and delay repayment on some of the company's $59 billion of liabilities, could be weighing on risk appetite to the dollar's benefit.

But the dollar's recovery may be temporary. Japan's deputy finance minister Yoshihiko Noda told Reuters recent currency moves reflected dollar weakness and Japan wasn't considering intervening now.

The Swiss National Bank on Thursday declined to comment on market talk that it had intervened in the foreign exchanges to sell the Swiss franc, which had surged to its strongest level against the dollar since April last year.

The faster the dollar's fall, the more traders are aware of the threat of intervention from authorities like the SNB or Japan's Ministry of Finance. But the signals from these bodies -- and, more crucially, from U.S. policymakers -- suggests intervention isn't imminent, so the dollar could go even lower.

"The dollar may be exposed to potential intervention, but so far there has only been limited comments against its weakness," said Roberto Maliach, strategist at Unicredit in Milan.

"It's a sort of 'dead cat bounce' in a sense," he said of the dollar's recovery. "We had a sharp drop yesterday and people are taking profits. But the euro remains above the previous high of $1.5060," Maliach noted.

At 0845 GMT the dollar index, a barometer of its performance against six major currencies, was up nearly half a percent on the day at 74.59, bouncing back from a 15-month low of 74.17 earlier in the day.

The greenback was down half a percent against the yen at 86.85 yen JPY=, grinding back up from a low of 86.29 yen on trading platform EBS, its weakest level since 1995. Traders say 85 yen is now in the market's sights.