Japanese yen with no significant moves waiting for the movements of the dollar after Yellen's speech

Volatility and weak trading continue to dominate the movement of the Japanese yen during Friday's trading after the volatility continued throughout the week, this comes under the markets waiting for the President of Federal Reserve Bank Yellen's speech and the consequent movements in the currency markets.

The dollar yen pair is currently trading at 100.52 level, after the session opened today at the level of 100.57, recording the lowest at 100.41 and the highest record at 100.58.

Japanese economy announced today data about consumer price index during the month of July, low actual reading of 0.4% to approve all expectations and previous reading, while the consumer price index excluding fresh food fell 0.5% the same previous reading value after the low expectations by 0.4% .

As for consumer prices excluding food and energy the index rose by 0.3% compared with expectations and previous reading, which was higher by 0.4% from.

This and the financial markets await this week's President of the Bank of the Federal Reserve Yellen's speech about monetary policy and the future of US interest rates, which increases the fears in the markets about the possibility of higher US interest rates and thus will increase demand for the dollar to increases the negative pressure on the Japanese yen and push it to decline.

As for the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 94.65 after it opened today's session at the level of 94.69, while the lowest been recorded at 94.61 after recording the highest at 94.70 comes after it fell yesterday to its lowest level at 94.57.