Let ’s use the U.S. NFP as an example. If forecasted figures are 300K, a 20% deviation is 60K. This means we can long the U.S. dollar if NFP numbers come in above 360K, or we can short the U.S. dollar if NFP numbers come in below 240K. Specifically, going long on the U.S. dollar means going long on USD/JPY or going short on EUR/USD. Similarly, going short on the U.S. dollar means going short on USD/JPY or going long on EUR/USD