Yen Futures Options: What the "Put Condor" Tells Us About Future

A quick look at the options sentiment on Japanese Yen futures (not spot) — and there’s something interesting on the flow radar.

On July 10 , a "Put Condor" was placed — boundaries marked by the yellow rectangle on the chart (№1).
The goal of this setup? Price should expire within these boundaries — meaning the seller expects limited downside , but still allows for some controlled movement.

What’s notable?
This position was placed before the yen started to weaken — so someone was clearly preparing for this scenario in advance .

Also worth watching:
Further down (№2 on the chart), there’s another cluster of put options at 0.0067 — suggesting this level could act as a support zone if the futures contract drops that low.

📊 Bottom Line:
There are clear signs pointing to continued downside pressure in Yen futures.
The 0.006685 level is key — potential support for a bounce back into the 0.00675–0.00685 range .