Cohen's lawyer says Cohen testified that Trump directed him to commit a crime

Reuters following up on the earlier news

• Cohen says he violated campaign finance law at direction of candidate

Cohen's lawyer now naming the President:

• Michael Cohen's lawyer says Cohen testified Tuesday under oath that trump directed him to commit a crime
• Michael Cohen's lawyer says if election-related payments are a crime for Cohen, "then why wouldn't they be a crime for Donald Trump?"

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USD/JPY remains trading on its lows for the Asian morning so far. Political turmoil tends to see flows into yen. So far the move has been small only. I suspect there is further to go.