Japan will invest $550 billion in the U.S. and allow the U.S. to tax Japanese goods sold in America at 15 percent.

After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.

The Japanese yen gained against the dollar and euro on Wednesday in choppy trading as investors weighed speculation about Prime Minister Shigeru Ishiba's future against U.S. President Donald Trump's announcement of a trade deal with the world's fifth largest economy.