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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

18 Jul 2026 • 01:01 GMT

SGD/JPY 125.8

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 123.5990 – 125.8000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, SGD/JPY is trading close to its 90-day high near 125.8, slightly above its 3-month average of 124.7. The pair is supported by risk-off sentiment, with safe-haven flows maintaining Yen strength. Over the next few sessions, conditions may keep the pair under pressure if risk aversion persists, limiting upside attempts.

💸 Transfer implications

  • Expats: sending money to Japan may find conditions less favourable than recent levels if the pair declines.
  • Travellers: exchanging SGD for JPY might face slightly increased costs if the pair weakens.
  • Businesses: paying JPY invoices with SGD may see exchange rates constrained near recent highs, making conversions less advantageous.

🧭 Key drivers

  • Rate gap: The Bank of Japan’s loose monetary policy and yield gap keep Yen relatively weak compared to SGD.
  • Risk/commodities: Ongoing risk-off sentiment supported by global risk aversion sustains safe-haven Yen demand.
  • Global factors: US dollar strength persists, driven by cautious risk sentiment and US monetary policy outlook.

⚠️ What could change it

  • Upside risk: A shift back to risk appetite could reduce safe-haven flows, strengthening SGD.
  • Downside risk: Further escalation of risk aversion or global growth concerns could reinforce Yen gains and weaken the pair further.

BER suggests comparing FX providers to help offset less favourable exchange conditions and 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.

 
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1d0.0%⬦
90dHighs◓
SGD to JPY is at 90-day highs near 125.8, just 0.9% above its 3-month average of 124.7, having traded in a very stable 2.3% range from 123.0 to 125.8
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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
03 Jul 2026
124.98
0.7% ▲2 Week
18 Apr 2026
124.91
0.7% ▲3 Month
17 Jul 2025
115.49
8.9% ▲1 Year
18 Jul 2021
80.98
55.4% ▲5 Year
19 Jul 2016
78.47
60.3% ▲10 Year
22 Jul 2006
73.36
71.5% ▲20 Year
SGD/JPY historic rates & change to 17-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