SGDJPY (Singapore Dollar vs Japanese Yen). Exchange rate and online charts.
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20 Mar 2025 00:25
(0.03%)
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SGD/JPY currency pair (Singapore Dollar vs Japanese Yen)
SGD/JPY is not a widely used currency pair on the Forex market. SGD/JPY is a cross rate against the U.S. dollar. Although the U.S. dollar does not appear obviously in this currency pair, it still exerts a significant influence on it. One can see that when the two charts are combined: USD/JPY and USD/SGD. By joining these two charts into one, you can get an approximate SGD/JPY chart.
The U.S. dollar has a big impact on both currencies. Therefore, it is essential to take into account the main U.S. economic data for the accurate forecast of a future rate of this financial instrument. These data include: the discount rate, GDP, unemployment, new vacancies and many others. Besides, it should be noted that the currencies under consideration could respond to changes in the U.S. economy at a various pace. Thus, the SGD/JPY currency pair can be used as a specific indicator of any changes in these currencies.
Singapore is a well-developed industrial country with a high level of the economic advance and living standards. Impressive economic results of the country are determined by its beneficial geographical position at the crossroads of vital shipping routes, which allow Singapore to carry on an active business with all the powerful states of the world. Nowadays Singapore's export sales primarily include: home electronics & hi-tech devices, pharmaceuticals, shipbuilding items; it also provides services in the area of finance. The economy of the country and its national currency rely heavily on export sales.
Singapore is one of the state-of-the-art countries of Asia. That is why it belongs to the group of so-called "Asian tigers", with the rapid development of its economy that is equal to affluent western countries such as the USA, Germany, France, Great Britain, etc.
The SGD/JPY currency pair is quite vulnerable to a variety of huge political events and economic trends taking place in the world. As a result, the price chart for this currency pair is hardly predictable, and it frequently goes in the opposite direction despite any analysis.
Novices are not recommended to begin their trading experience on the foreign exchange market with this currency pair. In order to trade this financial instrument successfully, you have to keep in mind lots of nuances of price fluctuations.
If you trade cross rates, you have to be aware of the fact that brokers usually set a higher spread on this pair than on more popular currency instruments. So, before you start working with the cross rates, you have to investigate the conditions offered by the broker to deal with this particular trading instrument.
See Also
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USD/JPY: Simple Trading Tips for Beginner Traders on March 19. Review of Yesterday's Forex Trades
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Gold has halted its upward movement as it attempts to consolidate at new all-time highs around $3,045Author: Irina Yanina
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- Market overview on March 19
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Technical analysisTrading Signals for EUR/USD for March 19-21, 2025: sell below 1.0900 (+2/8 Murray + 21 SMA)
If the euro falls and consolidates below 1.09 and below the 21 SMA in the coming hours, this could be seen as an opportunity to sell with targets at 1.0830, the Murray 8/8 level, around 1.742, and finally 1.0642.Author: Dimitrios Zappas
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Fundamental analysisHow Might Markets React After the Fed Meeting? (Expecting a Sharp Decline in GBP/USD and a Drop in #SPX)
Today, the market will focus on the Federal Reserve's final decision on monetary policy. It is expected to bring nothing new, so the main topic will remain the same as in recent months—the impact of Trump's policies on the U.S. economyAuthor: Pati Gani
09:27 2025-03-19 UTC+2
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- Type of analysis
USD/JPY: Simple Trading Tips for Beginner Traders on March 19. Review of Yesterday's Forex Trades
USD/JPY: Simple Trading Tips for Beginner Traders on March 19. Review of Yesterday's Forex TradesAuthor: Jakub Novak
09:01 2025-03-19 UTC+2
1678
- Bulls have been attacking for two weeks, but it's time for a pause.
Author: Samir Klishi
11:46 2025-03-19 UTC+2
1438
- Gold has halted its upward movement as it attempts to consolidate at new all-time highs around $3,045
Author: Irina Yanina
10:41 2025-03-19 UTC+2
1423
- Type of analysis
GBP/USD: Simple Trading Tips for Beginner Traders on March 19. Review of Yesterday's Forex Trades
GBP/USD: Simple Trading Tips for Beginner Traders on March 19. Review of Yesterday's Forex TradesAuthor: Jakub Novak
09:01 2025-03-19 UTC+2
1378
- Technical analysis
Trading Signals for EUR/USD for March 19-21, 2025: sell below 1.0900 (+2/8 Murray + 21 SMA)
If the euro falls and consolidates below 1.09 and below the 21 SMA in the coming hours, this could be seen as an opportunity to sell with targets at 1.0830, the Murray 8/8 level, around 1.742, and finally 1.0642.Author: Dimitrios Zappas
15:01 2025-03-19 UTC+2
1318
- The latest news from the US srock market
Author: Andreeva Natalya
11:52 2025-03-19 UTC+2
1288
- Bearish traders await support from the Fed and the Bank of England
Author: Samir Klishi
11:43 2025-03-19 UTC+2
1243
- Fundamental analysis
How Might Markets React After the Fed Meeting? (Expecting a Sharp Decline in GBP/USD and a Drop in #SPX)
Today, the market will focus on the Federal Reserve's final decision on monetary policy. It is expected to bring nothing new, so the main topic will remain the same as in recent months—the impact of Trump's policies on the U.S. economyAuthor: Pati Gani
09:27 2025-03-19 UTC+2
1228