The dollar fell against the yen to hit a session low on Wednesday after data showed U.S. housing starts fell more than expected in May to their lowest level in five months.

The dollar dipped as low as 91.10 yen JPY=, according to Reuters data, and was last at 91.16 yen, down 0.3 percent on the day.

The euro also briefly extended losses to a session low of $1.2255 EUR=, according to Reuters data, before rebounding to $1.2269, still down 0.4 percent.

A separate government report showed U.S. producer prices retreated in May, buying the Federal Reserve some time to maintain its ultra-low interest rate policy. (Editing by Theodore d'Afflisio)

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