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

With stocks at records, Trump's trade deal with Japan is another bullish catalyst for investors as the market moves toward the August 1 tariff deadline.

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.