What is meant by the flashing yellow arrow at the intersection?

• Drivers may proceed in the direction of arrow but only after yielding to pedestrians and oncoming traffic.
  Explanation:

  "At the intersection, a yellow flashing arrow for a turning movement means that you may proceed with the turn only after you have yielded the right of way to pedestrians and oncoming traffic."
• Drivers must come to a complete stop and wait for a green arrow.
• Drivers have the right of way and may proceed without caution.
• The intersection is closed to all traffic in the direction of the arrow.