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SGDJPY

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    114.2468$
  • Previous Close
    114.3895$
  • 52 Week Change
    --
  • Day Range
    -0.14$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SGDJPY.FOREX represents the Singapore Dollar against the Japanese Yen in the foreign exchange (forex) market. This currency pair reflects the relative value of one currency in terms of the other, and its price indicates how many Japanese Yen are needed to buy one Singapore Dollar. Trading this pair involves speculating on whether the Singapore Dollar will appreciate or depreciate against the Japanese Yen, influenced by various economic factors in Singapore and Japan, such as interest rates, inflation, and trade balances.

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Factors

Interest Rate Differentials: Central bank policy differences between Singapore (MAS) and Japan (BOJ) drive SGDJPY. Higher Singapore rates attract investment, strengthening SGD versus the Yen.

Global Risk Sentiment: JPY is a safe-haven currency. During risk-off periods, JPY strengthens, impacting SGDJPY negatively. Risk-on sentiment weakens JPY, potentially lifting SGDJPY.

Economic Data Releases: Key economic indicators like GDP growth, inflation rates, and employment figures in both Singapore and Japan influence currency values, affecting SGDJPY.

Commodity Prices: Singapore's economy is sensitive to global trade and resource prices. Fluctuations can impact SGD, consequently influencing the SGDJPY exchange rate.

Geopolitical Events: Unexpected political instability or major global events can drive safe-haven flows into JPY, weakening SGDJPY.

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