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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

28 Mar 2026 • 01:02 GMT

SGD/JPY 124.0

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 122.5180 – 124.7000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend:

Currently, SGD/JPY is trading close to 124.0, holding near recent lows while trading within its recent range. The dominant driver from structured analysis points to risk sentiment, with safe-haven flows supporting the pair. Over the next few sessions, the pair may remain supported by risk-off conditions but could face pressure if risk appetite recovers.

💸 Transfer implications

  • Expats: sending money to Japan may find current rates slightly less favourable than recent levels, as the SGD weakens.
  • Travellers: exchanging SGD for JPY might see marginally higher costs if the pair continues to decline.
  • Businesses: paying Japanese Yen invoices from Singapore could face slightly less advantageous exchange conditions.

🧭 Key drivers

  • Rate gap: The policy and yield gap remains narrow but the JPY benefits from safe-haven demand, supporting its strength.
  • Risk/commodities: Risk-off sentiment and market volatility are bolstering JPY as a safe-haven currency.
  • Global factors: Ongoing geopolitical tensions keep risk aversion elevated, supporting the safe-haven bias.

⚠️ What could change it

  • Upside risk: A shift toward risk-on sentiment or a reduction in safe-haven demand could lift SGD/JPY.
  • Downside risk: Escalation of geopolitical tensions or adverse global risk conditions could push the pair lower.

BER suggests comparing FX providers, as finding lower margins can help offset less favourable exchange conditions.

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 =
123.99We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.2%▼
SGD to JPY is at 7-day lows near 124.0, just 0.9% above its 3-month average of 122.9, having traded in a very stable 3.2% range from 120.8 to 124.7
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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
13 Mar 2026
124.64
0.4% ▼2 Week
27 Dec 2025
121.99
1.8% ▲3 Month
27 Mar 2025
112.64
10.2% ▲1 Year
28 Mar 2021
81.55
52.2% ▲5 Year
29 Mar 2016
83.13
49.3% ▲10 Year
01 Apr 2006
72.78
70.6% ▲20 Year
SGD/JPY historic rates & change to 27-Mar-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