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.
Industrial xm group 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.
SGD / JPY – Singapore Dollar / Japanese Yen
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.
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- Gross Domestic Product – the gross domestic product is the central measure of economic growth in the region.
- Open a free, no-risk demo account to stay on top of market movement and important events.
- Opportunities for growth include Singapore’s robust economic performance and Japan’s stable monetary policy.
- The Bank of Japan is responsible for issuing and regulating the currency, employing monetary policies to manage inflation and economic growth.
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.
Goldman Sachs’ Trump Trade
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 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.
- The current economic situation in both Singapore and Japan has resulted in one currency strengthening and the other weakening.
- You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.
- Investor sentiment, economic data releases, and central bank policies also play significant roles in determining the pair’s value.
- Conducting thorough research and staying informed about market trends and economic indicators is crucial for making informed investment decisions.
- In a Sideways Range, the investment might remain around $1,000, reflecting minimal change.
JAPANESE YEN / SINGAPORE DOLLAR
Investors rushed back into risk assets, betting that the worst might be behind us. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. By 2019, the pair was trading in a stable 80–85 range, as both economies avoided major monetary surprises. Gross Domestic Product – the gross domestic product is the central measure of economic growth in the region.
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 hotforex broker review 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.
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 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.
SGD/JPY : Technical Signal Buy & Sell
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.
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.
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.
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, alpari review 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.
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.