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Anton Kharitonov highlights rising dissatisfaction in both Japan and the U.S. regarding the recent climb of the USD/JPY currency pair.
He notes that long positions may be unwound at current exchange levels.
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Kharitonov has previously commented on investor reactions to rapid market movements. In an earlier note, he stated that Bitcoin's pullback opened a new entry point for buyers who missed prior opportunities. The observation followed volatile trading conditions in crypto markets.