Compiling with either XeLaTeX or LuaLaTeX, \emph{} no longer displays text as expected, i.e. in italics. \textit{} works fine. Here is a MWE demonstrating the issue.
\documentclass{article}
\usepackage{fontspec}
\begin{document}
\emph{lorem ipsum}
\textit{lorem ipsum}
\end{document}
I have TeXLive 2016 (MacTeX) installed. I updated it an hour ago with sudo tlmgr update --self --all.
I guess there is something wrong but what ? I'd be happy to have some help. Thank you.

fontspecanyway :( – pictho Jan 23 '17 at 12:17\let\emph\textitin your document so you can carry on. and expect a fontspec update to come soon with a fix. – David Carlisle Jan 23 '17 at 12:21