The below graph from Brad Setser at CFR. A rebased look at the high carry currency unwind:

Related links:
Asian pain: The ghosts of 1997-98 return – FT Alphaville

ft.com/alphaville All times are London time
The below graph from Brad Setser at CFR. A rebased look at the high carry currency unwind:

Related links:
Asian pain: The ghosts of 1997-98 return – FT Alphaville