USD/JPY (a 4-hour chart)
Japan national base index of the consumer prices (y / y), was -0.5% in July, with forecasts of -0.4%. The base consumer price index in Tokyo (y / y), was 0.4%, the forecast of -0.3% in August.
Volatility for the pair USD / JPY remains very low- most of the participants are out of the market in anticipation of Yellen speech. In the current situation, buyers and sellers are in balance, as the price is around the middle level of the channel 100.30-100.40.
After today weak statistics data, there was a small probability of correction upwards, on expectations of new stimulus measures by the Bank of Japan. Nevertheless, exit of the consolidation is based on Yellen performance and much will depend on its words.