• USD/JPY rose on Monday as dollar was boosted after domestic manufacturing activity rose more than forecast in June while the government said construction spending was unchanged in May but fell less than previously reported in April.
   
• U.S. factory activity jumped in June suggesting economic growth in the second quarter gained some steam, while construction spending held steady in May.
   
• The Institute for Supply Management (ISM) said on Monday its index of national factory activity rose to a reading of 57.8 last month from 54.9 in May.
   
• U.S. construction spending unexpectedly remained flat in May but federal government outlays on construction projects were the highest in more than four years.
   
• The ongoing upside is set to continue for this pair as the support level at 113.14 is likely to act as strong barrier to the bears and push pair towards higher levels.
   
• To the upside, the strong resistance can be seen at 113.30, a break above this level would take the pair towards next resistance level at 113.54.
   
• To the downside immediate support can be seen at 113.14, a break below this level will open the door towards next level at 112.98.
  
  Resistance Levels
  
  R1: 113.30 (23.6% Retracement Level)
  
  R2: 113.54 (23.6% Retracement Level)
  
  R3: 114.00 (Psychological levels)
  
  Support Levels
  
  S1: 113.14 (50% Retracement Level)
  
  S2: 112.98 (61.8% Retracement Level)
  
  S3: 112.84 (Daily lows)