S&P 500 Sentiment Hits Extreme Levels; USD/JPY Eyes 152.50 Resistance

USD/JPY advances 0.3% to 152.20 as extreme bullish sentiment in US equities supports risk-on flows, with S&P 500 sentiment indicators reaching overbought territory. The yen weakens across the board as traders dismiss near-term intervention risks from Japanese authorities, focusing instead on divergent monetary policies. Gold struggles near $2,650/oz as dollar strength and elevated equity sentiment reduce safe-haven demand. EUR/USD remains range-bound at 1.0515, caught between dollar strength and eurozone concerns. Technical analysis shows USD/JPY approaching key resistance at 152.50, with momentum indicators supporting further upside potential toward 153.00. However, extreme sentiment readings in equities warn of potential reversal risks. The Nasdaq 100's extended rally adds to concerns about market positioning. Traders should monitor for any shift in risk appetite that could trigger profit-taking and support traditional safe havens.