Up from revised 408.605 bln in July (previous 406.45 bln)

EUR/CHF is extending rally. Has moved quickly above 1.2100, presently at 1.2115.

Stilll lingering talk in market of peg hike to 1.2200.

The better euro zone backdrop, with periphery bond yields falling in wake of Draghi’s announcement yesterday, will also be lending the cross support. Seems to be convincing some of the shorts to cover.