The BIS were buying EUR/CHF overnight and the noise in the market is getting louder that the SNB will raise the EUR/CHF peg to 1.25 or possibly even 1.30. I wonder do they know already that the speculative world is short CHF (especially against the AUD) in anticipation of such a move. The poor financiers need a Christmas bonus, so hurry up Santa-SNB and deliver your pressy.