By Mari Murayama and Kanako Chiba Tokyo, Aug. 9 (Bloomberg) -- The dollar fell after articles in the Washington Post and Wall Street Journal said the Federal Reserve probably won't cut interest rates soon, withholding a move some analysts say is needed to spur the U.S. economy. The U.S. currency weakened to 120.74 yen at 2:50 p.m. Tokyo time from 120.99 in late New York trading yesterday. The euro rose to 96.97 U.S. cents from 96.71. ``The reports told us expectations for a rate cut shouldn't be too high, and that pushed down the dollar,'' said Kenji Takei, a currency sales vice president at the Tokyo branch of Societe Generale SA. The Washington Post said the Fed probably won't cut rates given remarks from policy makers that signal a reduction isn't likely. The Wall Street Journal says the central bank isn't as concerned about the economy as traders are. The articles appear on the papers' Web sites.