This week, the United States Federal Reserve Open Market Committee will announce its target for the benchmark Fed Funds rate. Even though, interest rates are likely to be kept unchanged, it will be interesting to read about the Fed’s overall outlook for the US economy. The Federal Reserve is now expected to increase rates by nearly 75 bps, according to overnight index swaps which measure interest rate expectations for the next twelve months. Eventually, a widening of the interest rate differential between the United States and other countries will help the US dollar. I have been long USD/JPY for quite some time and last week I also bought EUR/JPY on speculation that Greece will be able to deal successfully with its debt troubles. Good luck.