There is a sense of accomplishment in the market, having succeeded in boosting the dollar above the key 116 yen level.

The Fed did not change its upbeat view of the U.S. economy. The dollar-bullish trend will continue.

The dollar could fall sharply, though that may be only a temporary phenomenon.

The Fed was more hawkish than expected.

We think the Fed will keep going to 5 percent by May.

Given the current sentiment in the market, there's probably a greater chance of the dollar rallying on a strong number than the risk of any sort of sell-off if there is disappointment.