General Electric shares continue to fall like a rock with the company trading like a bank owing to its huge financial services division rather than a diversified industrial conglomerate.This has helped stall the rally in the broad US averages and has pulled EUR/USD lower.
USD/JPY is pulling back as well, weighed down by options-related selling ahead of well-advertised 99.50 barrier options. EUR/USD trades at 1.2540 and USD/JPY at 99.05. EUR/JPY is giving ground after biting off more than it could chew between 124.75 and 125.15. It trades now at 124.45.
