JPY Analysis & Outlook: Friday’s Options Flow Tells the StoryJapanese Yen Futures (Dec 2025)CME_DL:6JZ2025ClashChartsTeamFriday’s trading on the options market revealed two key developments in JPY: 🔸 Two Straddles appeared in the current front-month expiry series Plus a mid-sized Call Spread near 0.00675 Upper boundaries: 0.00674 and 0.006799 (marked on chart) 🔍 Key Takeaways: Option traders are positioning likely for a correction in JPY futures after last week’s sharp drop. But, Straddle isn’t a directional bet — it’s a volatility play with structure. Call Spread is a a directional bet As usual, when price approaches either Straddle boundary, option players will likely convert positions into synthetic calls or puts, reinforcing these levels as BE zones. 🎯 Strategic Levels: 0.00674 – 0.006799 → Potential resistance zone in the medium term But here’s what’s interesting: If you apply a Fibonacci retracement tool, the 61.8% level aligns almost perfectly with one of the already marked Straddle levels. That kind of confluence? It could attract additional downside liquidity from traders using Fib grids — especially those selling into "expected" reversal zones. Is it a coincidence? Sure, probably 😉