USD/CHF: 1.2050 Again Rejects As Markets Thicken

Intraday and the rate of "out of office" replies might be picking up but still there are those that are taking the "just in case" view. Flows from early NY traders may not be of massive sizes but according to one London source they have thickened USD/CHF by a noticeable amount on the machine. 1.2050 has again rejected as spot made a half-hearted run at the topside into early NorAm trading while 1.2125 props on the downside before 1.2100 hits.