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SGD to JPY Forecasts – Singapore dollar to Japanese yen

Latest SGD to JPY forecasts including bank predictions, key market drivers and recent trends for SGD/JPY. See where analysts expect the pair to move and the factors likely to influence it.

 

SGD to JPY Forecast & Outlook

04 Jul 2026 • 01:01 GMT

SGD/JPY 125.0

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 123.5000 – 125.7000
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: 🟢 Uptrend

Currently, SGD/JPY is trading close to the 3-month average, holding near recent highs within its range. The movement is supported by the rate differential, with US interest rates widening and USD strength pressuring the Yen. Over the next few sessions, the pair may remain sensitive to risk-off conditions, which tend to favor safe-haven currencies like the Yen. Near-term, the pair could face downward pressure if risk sentiment improves.

💸 Transfer implications

  • Expats: sending money to Japan may find current rates less favourable than recent levels.
  • Travellers: buying Japanese Yen might see prices supported by safe-haven flows, but could face slight declines.
  • Businesses: paying JPY invoices in SGD may encounter weaker exchange conditions if the pair declines further.

🧭 Key drivers

  • Rate gap: US interest rate differentials are widening, supporting the USD and pressuring the Yen.
  • Risk/commodities: Risk-off sentiment favors safe havens, putting pressure on risk-sensitive currencies.
  • Global factors: Broader risk sentiment remains negative, driven by global economic concerns.

⚠️ What could change it

  • Upside risk: A shift towards risk aversion and safe-haven flows could sustain or strengthen the Yen.
  • Downside risk: Any improvement in risk appetite may reduce safe-haven demand, supporting the SGD.

BER suggests comparing FX providers to offset less favourable exchange conditions or shopping around for the lowest margin provider to reduce total transfer costs.

SGD-JPY Rate Calculator

 
 
   
   
   
   
   
 
 

SGD to JPY Market Data

Singapore dollar (SGD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell SGD   →   Buy JPY
1 SGD =
125.06We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.4%▼
90dHighs◓
SGD to JPY at 125.1 is just above its 3-month average, having traded in a very stable 2.2% range from 123.0 to 125.7
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Compare & Save - Singapore dollar to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our SGD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Singapore dollar to Yen currency rates and the possible savings of using various providers.

 
 

Will the Singapore dollar rise against the Japanese yen?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore dollar vs Japanese yen current value is to look the SGD/JPY historic rate and change over a range of periods.

The following table looks at the change in the SGD to JPY exchange rate over periods from the previous week back to the last 10 years.

DateSGD/JPYChangePeriod
26 Jun 2026
124.97
0.1% ▲2 Week
11 Apr 2026
125.02
0.1% ▲3 Month
10 Jul 2025
114.34
9.4% ▲1 Year
11 Jul 2021
81.59
53.3% ▲5 Year
12 Jul 2016
77.33
61.8% ▲10 Year
15 Jul 2006
73.14
71% ▲20 Year
SGD/JPY historic rates & change to 10-Jul-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SGD/JPY to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more