Gotobi demand relates to importer demand, for USD/JPY mainly, which happens on 5th day of every month. It’s usually not very big but just occasionally it can surprise the market. With oil prices up and Japanese demand increasing (as they’ve closed more nuclear power plants) then its possible that we could see some decent size. Also possible Toshin demand particularly for AUD/JPY but weighing this will be last-minute Yen repatriations for the end-of-financial-year.
All this sounds like we should see some decent flows at or before the Tokyo Fix in 2 1/2 hours time.
