My issue with that is this: From the point of view of the code accessing the injected value (and from the point of view of that code's callers), the value appears like out of thin air. There is no way to trace back from that code where the value came from. Similarly, when defining which value will be injected, it can be difficult to trace all the places where it will be injected.
In addition, there are often lifetime issues involved, when the injected value is itself a stateful object, or may indirectly depend on mutable, cached, or lazy-initialized, possibly external state. The time when the value's internal state is initialized or modified, or whether or not it is shared between separate injection points, is something that can't be deduced from the source code containing the injection points, but is often relevant for behavior, error handling, and general reasoning about the code.
All of this makes it more difficult to reason about the injected values, and about the code whose behavior will depend on those values, from looking at the source code.