S&P 500 futures surge on shutdown end, USD/JPY rises on risk-on

S&P 500 futures have jumped 0.9% in pre-market trading as the resolution of the US government shutdown sparks broad risk-on sentiment across global markets. The positive sentiment has impacted forex markets significantly, with USD/JPY climbing 0.6% to 150.20 as traders exit safe-haven yen positions. EUR/USD advanced modestly to 1.0885, while GBP/USD tested 1.2825 resistance. The Nasdaq 100 futures gained 1.1%, reflecting particular strength in technology stocks. Extreme bullish positioning among retail traders ahead of the expected reopening suggests potential for continued upside momentum. However, some analysts warn of overbought conditions in equity indices. The risk rally has also boosted commodity currencies, with AUD/USD and NZD/USD gaining 0.7% and 0.6% respectively. Technical indicators on major pairs suggest further dollar strength against safe havens if equity momentum continues, with USD/JPY targeting 150.50 resistance.