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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.
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.