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SGD to JPY 2025 Forecasts

Analysis of recent Singapore dollar → yen forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Japanese yen performance and trends.

 

The exchange rate outlook for SGD to JPY is being significantly influenced by the ongoing trade tensions initiated by U.S. tariffs. Recent announcements of a 10% tariff on imports from Singapore and a 24% reciprocal tariff on Japanese goods have introduced considerable uncertainty in the currency markets. Analysts suggest that these trade barriers could curb risk appetite for regional currencies, including the Singapore dollar (SGD) and Japanese yen (JPY).

The SGD has shown resilience, recently trading at a seven-day high of approximately 113.6 JPY, which is 2.1% above its three-month average of 111.3 JPY. This uptick reflects a recent trend of stability within a 5.4% range from 108.0 to 113.8 JPY. Despite the punitive tariffs imposed by the U.S., Singapore's strong trade ties with the U.S. could mitigate some negative impacts on the SGD.

Conversely, the JPY, often considered a safe-haven currency, has been bolstered amidst the new tariffs and global economic concerns. MUFG Research forecasts a weakening trend for the yen against the U.S. dollar, with projections suggesting a fall to 154.00 by Q1 2025 and possibly down to 148.00 by Q4 2025. However, the recent depreciation of the yen might lead to a reassessment of these forecasts.

The Bank of Japan's (BoJ) monetary policies continue to shape the yen's performance. The recent global economic uncertainty, combined with Japan's ultra-low interest rates, keeps the yen in a complex position. While a stronger yen may hurt Japan's export-driven economy, it still attracts investors seeking safety in tumultuous times. Geopolitical tensions, particularly in Eastern Europe, have further reinforced the yen's status as a safe haven.

Moreover, oil price movements are also pertinent when analyzing the JPY. Current oil prices are trading at about 68.80 USD, 3.2% above the three-month average of 66.66 USD, reflecting market volatility within a range from 60.14 to 78.85 USD. Given Japan's reliance on imported energy, rising oil prices could potentially undermine the yen's value, making it crucial to monitor these developments closely.

In summary, the SGD to JPY exchange rate outlook remains entwined with global trade dynamics, monetary policy settings, and geopolitical factors. Stakeholders engaged in international transactions should be aware of these complexities as they navigate the current currency landscape.

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SGD to JPY Market Data

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

 
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1 SGD =
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JPY
+0.6%
SGD to JPY is at 7-day highs near 113.6, 2.1% above its 3-month average of 111.3, having traded in a quite stable 5.4% range from 108.0 to 113.8
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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
20 Jun 2025
113.61
0.2% 2 Week
05 Apr 2025
109.27
3.8% 3 Month
04 Jul 2024
119.38
5% 1 Year
05 Jul 2020
77.18
46.9% 5 Year
07 Jul 2015
90.47
25.3% 10 Year
09 Jul 2005
65.97
71.9% 20 Year
SGD/JPY historic rates & change to 04-Jul-2025

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