SGDJPY definition

SGD/JPY converts the Singapore dollar into Japanese yen, showing how many yen one Singapore dollar is worth. It is a regional Asian cross that sets a tightly managed currency against a major safe haven, and it trades with moderate liquidity and wider spreads than the global majors. The pair has no widely used nickname.

The Singapore dollar is the base currency and the yen the quote currency, so a quote of 111.00 means one Singapore dollar buys 111.00 yen. A rising price means the Singapore dollar is gaining on the yen; a falling price means the yen is gaining. You trade SGD/JPY as a forex CFD, taking a position on the rate rather than exchanging the currencies: go long if you expect the Singapore dollar to rise, short if you expect it to fall. As a yen-quoted pair, pips are counted at the second decimal place, and your result is the pips moved multiplied by your position size.

What moves SGD/JPY most is the difference in how the two currencies are steered. The Monetary Authority of Singapore guides the Singapore dollar through a trade-weighted band rather than an interest rate, so it reflects regional trade health, while the yen swings on safe-haven flows and Bank of Japan policy. The pair often eases when risk aversion lifts the yen and firms when Asian growth looks solid.