London LTSE will open 14 points lower, German DAX 25 point lower and French CAC 13 point lower.
European stocks are expected to follow the cautious tone set in Asia as traders mull future policy decisions by major central banks.
In a speech on Friday, Yellen said policymakers might want to consider the benefits of a "high pressure economy" and let inflation continue to rise.
This helped the dollar rise against a basket of major currencies on Monday, touching its highest level since March.
Investors will also be looking ahead to the ECB meeting on Thursday with hopes that President Mario Draghi could give some hints as to whether the central bank might extend its quantitative easing program which is set to end in March 2017.
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