Trade JPY JPY to SGD SGD JPY IG International

Before the financial crisis of 2008, several investors would take advantage of ultra-low interest rates from the Bank of Japan to axitrader review borrow massively in Yen and invest the money abroad. If we look at the Singapore Dollar, we can see it has been a favored choice for offshore investors as it has a growing financial centre and stable housing prices. Its high growth rate is due to its business-friendly regulatory environments for entrepreneurs.

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• The Singapore economy is growing strongly, and the Japanese economy is also showing signs of improvement.
• Key factors influencing the price include economic data releases, central bank policies, and geopolitical developments.
• The outlook is moderately bullish, supported by stable economic conditions and positive technical indicators.

Open a free, no-risk demo account to stay on top of market movement and important events. Open a free, no-risk beaxy exchange review demo account to stay on top of forex movement and important events. Employment Change – The Sterling is also sensitive to changes in employment, as slacks in the labor market causes a drop in Inflation rates.

SGDJPY Forecast

• The global economic slowdown could weigh on the Singapore economy, and the Japanese government could intervene in the foreign exchange market to weaken the yen.
• Its high growth rate is due to its business-friendly regulatory environments for entrepreneurs.
• With a robust financial system and transparent monetary policies, the SGD enjoys a solid reputation among international investors and traders.
• Fundamental analysis is an excellent tool in helping forex traders define potential long-term trends in a pair such as the SGD/JPY.
• In addition, it is a significant trading hub, and its manufacturing and services sector remains one of its pivotal growth drivers.

Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. To hide/show event marks, right click anywhere on the chart, and select “Hide Marks On Bars”. This was a rare period when the SGD weakened relative to the JPY, reflecting the global flight to safety.

Inflation for Japan currently sits at 3%, yet rates remain unchanged, as they have done for many years, at -0.1%. The Singapore Dollar (SGD) is the official currency of Singapore, introduced in 1967. It is abbreviated as SGD and is symbolized by the dollar sign with a stylized “S” (S$). The SGD is subdivided into 100 cents and is issued by the Monetary Authority of Singapore. Known for its stability and strength, the Singapore Dollar is widely used as a trading currency in Southeast Asia and is often considered a benchmark for economic health in the region. With a robust financial system and transparent monetary policies, the SGD enjoys a solid reputation among international investors and traders.

Sidebar rates

IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. The Singapore Dollar/Japanese Yen currency pair (also referred to as SGDJPY and SGD/JPY) is an exotic currency pair. If you’re an investor, you’re looking at what the asset – in our case, businesses – will do. If you’re a speculator, you’re primarily forecasting on what the price will do independent of the business. As of early 2025, SGD/JPY trades near 111, at its highest in decades, driven largely by the interest rate gap and Singapore’s resilience. Instability, as seen in the Brexit referendum, can entirely change the direction of the currencies.

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. Fundamental analysis is an excellent tool in helping forex traders define potential long-term trends in a pair such as the SGD/JPY.

Due to its low rates, which the BoJ has decided to keep low, the JPY is a valuable funding source for investments in other countries. As a result, during times of economic uncertainty, investors typically reduce their holdings of riskier, higher-yielding assets, which helps the JPY. While the currency has been a safe haven in years gone by, the Japanese yen has weakened significantly in 2022. This has been fuelled by the Bank of Japan sticking to its low interest rate policy despite rising inflation.

Conducting thorough research and staying informed about market trends and economic indicators is crucial for making informed investment decisions. The SGD to JPY exchange rate is a compelling story of two Asian economies with contrasting monetary frameworks. In 2025, unless BOJ accelerates tightening, the SGD remains likely to outperform the JPY, keeping this pair near its long-term highs. Use this to see how IG client accounts with positions on this market are trading other markets. Data is calculated to the nearest 1%, and updated automatically every 15 minutes.

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Industrial Production – This measures a change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. Positive correlation – The positive relationship merely is when pairs move in tandem with each other.

Technical analysis can help traders to enter, manage and exit trades based on how price moves. And so, it is best to use both technical and fundamental analysis together, although many traders will only stick to one. The rate differential remains in favor of SGD, with JPY still undervalued on a real effective exchange basis. As long as BOJ stays cautious, SGD/JPY could test 113.0 in the coming months. Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift.

Support

In a Bullish Breakout scenario, a 5% increase could raise the investment to approximately $1,050. In a Sideways Range, the investment might remain around $1,000, reflecting minimal change. In a Bearish Dip, a 3% decrease could reduce the investment to about $970. These scenarios highlight the importance of market conditions on investment returns. Investors should consider current trends and technical indicators before making decisions. Diversifying investments and setting stop-loss orders can help manage risks effectively.

The current economic situation in both Singapore and Japan has resulted in one currency strengthening and the other weakening. There are various factors to watch Kraken Review out for when it comes to fundamental analysis, such as interest rates, inflation, unemployment, spending data, and more. SGD/JPY’s price is influenced by interest rate differentials, economic growth prospects, and geopolitical stability in the Asia-Pacific region.

The future outlook for SGD/JPY is moderately bullish, with expectations of continued upward movement. Historical price movements show a gradual increase, supported by stable economic conditions in both countries. Key factors influencing the price include economic data releases, central bank policies, and geopolitical developments. In the short term (1 to 6 months), SGD/JPY is likely to experience moderate gains, with potential resistance around the 113.8 level. Long-term forecasts (1 to 5 years) suggest steady growth, contingent on economic stability and favorable trade conditions. External factors such as global economic shifts or unexpected geopolitical events could significantly impact the pair’s trajectory.