JPMorgan Faces U.S. Criminal Probe Into FX Trading

JP Morgan Chase has reported potential legal losses of up to $5.9 billion in a regulatory filing, which is the upper limit of its reasonable possible losses. The Department of Justice is conducting a criminal probe into the bank's Forex trading activities, and JP Morgan is cooperating with the investigation. The bank is also facing inquiries from the Commodity Futures Trading Commission and other regulators. These investigations focus on the firm's spot Forex trading activities. The news has affected JP Morgan's stock, and the market is reacting to this unique regulatory filing.

What specific trading activities are the investigations focused on?

How did the news of the regulatory filing affect JP Morgan Chase's stock?