The opening statement by James Comey has been released. It includes details that the press has already reported on, but nothing new.

Trump asked Comey for loyalty from the very beginning. He probably wanted loyalty that exceeds the independence of the FBI.

In addition, he asked Comey to “let Flynn go”. This implies an obstruction of justice, but yet again, we already knew that.

You can read it in full 350651767-James-Comey-opening-statement

It’s risk on: USD/JPY is rising and gold is falling. Here is the dollar/yen chart. The pair is getting closer to 110, with a high of 109.85. The low for the day was 109.17. Resistance above 110 is at 111.60.