By Alun John and Brigid RileyLONDON/TOKYO (Reuters) -The dollar climbed above 152 yen for the first time since late July on Wednesday and kept the euro pinned at a two month low, supported by expectations the Fed won't rush to cut rates and investors bracing for a potential Trump election victory.The dollar was last up 0.9% on the yen at 152.48, its highest since July 31, the day the Bank of Japan raised interest rates to their highest in 2007, and, incidentally, gave global markets a sharp jolt.The move in dollar/yen in recent weeks has been largely led by the dollar side of the pair, but on Wednesday those moves were spilling over into other pairs, with the euro up 0.8% on the yen at 164.49, and the pound up 0.9% at 152.45 yen, both also their highest since July 31."The yen, so far this year has been the most sensitive currency to moves in U.S. yields so that's driving dollar/yen higher, and then there's the change in the government, and expectations that the Bank of Japan will remain cautious and that they may not even hike in December," said Roberto Cobohead of G10 FX strategy at BBVA (BME:BBVA).Japan is set to hold a general election on Oct. 27. Recent opinion polls indicated that the ruling Liberal Democratic Party could lose its majority with coalition partner Komeito.The risk of a minority coalition government has raised the prospect of political instability complicating the Bank of Japan's effort to reduce dependence on monetary stimulus.source : investing.com