Price jumped off the level of 100 JPY per USD on Friday after Yellen’s speech. This was a key psychological level that acted as strong support to the down trend of the last few months. The indication that Federal reserve is likely to increase US interest rates in September has increased the prospects for strengthening the USD against other major currencies. However, the largest moves on Friday involved pairs such as USDJPY. This could be an indication that future strengthening could see relatively higher pip movements here.
Waiting for the opening of new weekly and daily pivot points, it is likely that price will open above the central pivot point for both weekly and daily. Both are expected to have central pivot points around the 101.2 level.