Well the envelope doesn’t reset if AENR is off so the envelope is cut off abruptly. I think this is expected.
If you hold that key and press another key there is not audible click so I guess each key is “monophonic” I.E. gets retriggered.
This is from the oscillators resetting their phase, which is on by default - as it should be when working with FM/Phase modulation. Try turning (PHRT, SYN2 page 2) it off.
(When the oscillators reset their phase from n to 0, a click will occur due to the drastic change of the signal. The reason why this is on by default is that phase modulation (the digital implementation of FM by Yamaha et al) will have a consistent timbre if the phase is reset on each trigger. Turning it off has benefits though, especially when you are after more organic sounds)