Its the embrace of fantasy elements that have been known as antisemitic for decades. You can easily not have your fantasy races not be real world racial caricatures with green skin or hooked teeth.
oh ok let's just fix all that real quick
in my book the dwarves are all six feet tall but they're incredibly weak with no muscle tone, and they're altruistic communists, and they have slanty eyes BUT their skin is a rich ebony
and the elves are really short and standoffish and have cockney accents, and they are flat-nosed and huge-lipped anarchists, and they have yellowish tanned skin, and culturally they wear burqas adorned with feather headdresses
all of the humans look identical to indigenous americans, but since indigenous peoples are typically not stereotyped as greedy we will make them the greedy race, and they all eat curry and wear green jumpsuits and watch reruns of boy meets world
the perfect story with absolutely nothing racist in it
