Singaporean dollar vs Japanese yen FX currency pair

SGDJPY (SGDJPY^)

The SGD/JPY spot figure informs currency traders of the amount in Singapore dollars they can acquire with a single Japanese yen.

Japanese yen tends to make gains when encouraging economic, employment and trade reports are released, while certain commodities such as oil, base metals involved in the car industry and coal can have an effect.

The currency is considered a safe-haven money, so in times of uncertainty or turmoil in the fx markets many investors will choose to buy up yen, which boosts its price.

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Symbol
SGDJPY^

Trading Hours
24 hours

Minimum Size
1,000 Notional or 0.01 Lot

Minimum stop distance

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