As Quizro pointed out, a lot of the action scenes were of the Japanese Rangers, a group that included only one female (the Pink Ranger). However, since the American group required more diversity to be palatable, they decided to make the Yellow Ranger be a woman as well (and asian at that for a "politically correct" racial mix).

Now the problem was the action sequences. They needed a flat-chested enough woman, so that the difference in the Yellow Ranger would not be noticable to the audience, but especially children (as if that was a problem anyways). This was actually a problem during casting, and thus that is why you wont see the Yellow Ranger's character wearing anything that would accentuate her chest. The newer ones actually have a female stunt person in the yellow suit, since some are now filmed exclusively for the US.

So if you ever catch an older one, keep a good eye on the Yellow Ranger. It's a guy.