Yen recovers, data shows swing against US$

London

THE yen recovered from a walloping at the end of last week on Monday, with investors focusing on a meeting of the Bank of Japan that many expect to deliver further easing of monetary policy in a bid to halt the currency's rise.

Bets on the yen to strengthen further reached a record high in the week to last Tuesday, while positioning on the US dollar turned to betting on outright falls for the first time in a year.