---
title: "Dollar climbs as oil tops $110 and yen nears key level"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286712684.md"
description: "Brent crude oil has surged above $110, while the dollar has also gained, challenging the typical inverse relationship. Japan is considering increased yen support after previous interventions were ineffective, amid concerns over U.S. Treasury sales. Additionally, strong labor data and ongoing inflation are leading to expectations that the Federal Reserve may shift away from its easing stance in the upcoming June meeting."
datetime: "2026-05-18T04:21:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286712684.md)
  - [en](https://longbridge.com/en/news/286712684.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286712684.md)
---

# Dollar climbs as oil tops $110 and yen nears key level

Oil and dollar rise: Brent crude surged above $110 while the dollar gained, defying the usual inverse relationship between the two markets. Japan eyes intervention: Tokyo may step up yen support after recent interventions failed to reverse weakness, with U.S. backing raising concerns over Treasury sales. Fed policy outlook: Persistent inflation and strong labor data are fueling expectations the Fed could abandon its easing bias at the June meeting.

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