P.S. IN THE LONG TERM THERE IS PROBABLY VERY MILD CORRELATION BETWEEN THE NEW ZEALAND DOLLAR AND THE MARKET AS A WHOLE. IN THE SHORT TERM, HOWEVER, IT'S SUBSTANTIAL ENOUGH. IN FACT, NEARLY ANY CURRENCY AGAINST THE YEN IS A SHORT IF THE MARKET GOES DOWN BECAUSE OF THE FLIGHT TO SAFETY COMPONENT (YEN).
I choose New Zealand because it has a nice enough pattern for my strategy. On another note, New Zealand dollar is highly correlated with milk - so it's a China play as well - which I am on! (China is New Zealand's largest importer of milk powder).