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.

AUD/USD: Gains remain capped below 0.6500 after Wage Price Index data

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.

2012: Risk Aversion and Yen Strength

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.

Outlook for SGD/JPY

• Its high growth rate is due to its business-friendly regulatory environments for entrepreneurs.
• Additionally, the interest rate differential between Singapore and Japan is in favour of the SGD.
• Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.

Investor sentiment, economic data releases, and central bank policies also play significant roles in determining the pair’s value. The Japanese Yen (JPY) is the official currency of Japan, symbolized by the character “¥”. Established in 1871, it is one of the most traded currencies in the world, frequently used as a reserve currency due to Japan’s significant economic influence. The Yen is subdivided into 100 sen, although sen denominations are no longer in circulation.

• Inflation for Japan currently sits at 3%, yet rates remain unchanged, as they have done for many years, at -0.1%.
• The outlook is moderately bullish, supported by stable economic conditions and positive technical indicators.
• Established in 1871, it is one of the most traded currencies in the world, frequently used as a reserve currency due to Japan’s significant economic influence.

In the short term, SGD/JPY is expected to experience moderate gains, with potential resistance around the 113.8 level. The outlook is moderately bullish, supported by stable economic conditions and positive technical indicators. However, external factors such as geopolitical events could impact the pair’s trajectory. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate.

What was the highest SGD to JPY rate?

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.

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.

Why the Fed won’t cut rates with other central banks

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 xm broker review 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.

Before the financial crisis of 2008, several investors would take advantage of ultra-low interest rates from the Bank of Japan to 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.

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.

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.

The trade99 review current economic situation in both Singapore and Japan has resulted in one currency strengthening and the other weakening. There are various factors to watch 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.

Open a free, no-risk demo account to stay on top of market movement and important events. Open a free, no-risk 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.

The percentage of IG client accounts with positions in this market that are currently long or short. Bitcoin, Ethereum, and Ripple continue to show strength as the broader crypto market sustains its bullish momentum. BTC is testing a critical resistance level that could mark a fresh push toward record highs, while ETH remains supported by a key level, signaling potential for upward continuation. CoinCodex tracks 41,000+ cryptocurrencies on 400+ exchanges, offering fusion markets review live prices, price predictions, and financial tools for crypto, stocks, and forex traders. The Singapore economy is growing strongly, and the Japanese economy is also showing signs of improvement. Additionally, the interest rate differential between Singapore and Japan is in favour of the SGD.

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.

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.