Yen falls as analysts see BOJ rate hike this month increasingly less likely

TOKYO -- The Japanese yen fell to a two-week low as market analysts feel the Bank of Japan is increasingly less likely to conduct a rate hike in its policy meeting scheduled on Dec. 18 and 19.

The yen dropped to around 152.80 per dollar Wednesday evening, a low since Nov. 27. The currency has fallen 2.7% from a recent high of 148.63 on Dec. 3.