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Trade Responsibly. riskWarning_japaneseDescriptionriskWarning_brazilianDescriptionTrade Responsibly.Trade Responsibly.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.CFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
riskWarning_japaneseDescriptionriskWarning_brazilianDescriptionInvest Responsibly: Trading CFDs involves significant risks.

SGDJPY - Singapore Dollar / Japanese Yen

Swap Short: 0 PointsSwap Long: 0 Points
Low: 0.00Spread MT4 floatingHigh: 0.00
Global Stock Exchanges Session Times
Sydney
6:33 am (Local)
Opens in 51h 17m
Tokyo
5:33 am (Local)
Opens in 51h 27m
London
9:33 pm (Local)
Opens in 58h 27m
New York
4:33 pm (Local)
Opens in 64h 57m

SGD JPY Trading Chart

D1
W1
M1
Past performance is not a guarantee or prediction of future performance.

Trading Conditions

Platform
cTrader
cTrader
MT4
MT5
Execution
Market Execution
Market Execution
cTraderSpreads + 0.45$ per 10K traded
Minimum: 0.60Average: 2.57
cTrader Limit and Stop Level0
Used Margin (1:100 leverage rate) in US DollarMax. Leverage is 1:20
Minimum contract size0.01 lot **
1 TICK value per 1 lot in USD1000 / USDJPY Rate
Minimum step for increasing contract size0.01 lot
Margin requirements to open a lock position *0

Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday

* Only if Margin Level > 100%

The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 โ€“ 25/8/2019. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal forex trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

In recent years, the SGD/JPY currency combination is not widely traded outside of Singapore, yet it still has a relatively sizable following. The pair is heavily impacted by the correlation of two major world economies: Japan and Singapore. Traditionally erratic and hard to predict, the combination is ideally suited to the experienced investors with high-risk thresholds, offering the potential for profits as great as the gambles youโ€™ll need to take.

Keep in mind that Singapore is a small and compact island-state, focused on services, with the area of less than 720 square meters.

The main factors affecting SGD/JPY are oil prices, interest rates, inflation, monetary policy, speeches and statements of the Central Banks representatives, Trade balances of both countries and the Business activity level (for both regions).

If you are interested in trading the SGD/JPY currency pair, contact FxPro today and open trading account in several minutes.

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