20070817 1230. KLCI cash chart shows the carnage on the equity market on Bursamalaysia. See the similarity of the chart with the EURJPY forex cross rate. This is an indication of the effect of the carry trade unwinding, which some brilliant persons, like Klaus Wellerschoff of UBS Wealth Management, already foresaw. ( see June 6 post) Taking naked shorts on the highly liquid currency pair, with the added advantage of leverage pays off hansomely.