USD rises on Iran tensions; S&P 500 futures hold bullish above 5,991

The US dollar strengthened across major pairs following weekend military strikes on Iranian nuclear facilities, sparking risk-off sentiment in Asian markets. USD/JPY climbed 0.4% as safe-haven flows dominated, while oil prices surged 3.2% on supply disruption fears. S&P 500 futures maintained bullish momentum above the critical 5,991 support level, trading near 6,000 with immediate resistance at 6,008. The geopolitical escalation prompted traders to reduce risk exposure, benefiting traditional safe havens including the dollar and yen. Technical indicators suggest continued bullish bias for equities above 5,982, with upside targets at 6,019 and 6,032.5. However, sustained tensions could pressure risk assets and support further dollar strength. Traders are monitoring developments closely, with any de-escalation likely to reverse current safe-haven flows and weaken the greenback against risk-sensitive currencies.