TOKYO, May 19 (Reuters) - The role of the euro is important and authorities must always pay attention to the situation, Eurogroup Chairman Jean-Claude Juncker told Japan's prime minister on Wednesday.
The euro swung from a four-year low against the U.S. dollar to a session high on Wednesday in volatile trading as investors debated how a German ban on naked short selling of some securities will ultimately impact markets. [FRX/]
"With regards to global economic conditions, Juncker explained about the euro-zone's action, and said that there was no need to worry, and that given the role the euro has played so far, the currency's role was extremely important and leaders from various countries should always pay attention," a Japanese government statement on a meeting between Juncker and Japanese Prime Minister Yukio Hatoyama showed.
Hatoyama replied to Juncker, who is in Tokyo to meet Japanese officials, that international cooperation was important, the statement said without elaborating. (Reporting by Yoko Nishikawa; Editing by Ron Askew)