OP asked a legitimate question, which could even be a start of an intelligent discussion. I don't see why every question about algo updates is replied with "SEO is dead." It sounds so corny, trying to look in-the-know by being sarcastic. Maybe you're just riding the bandwagon without even knowing what you're talking about?
To OP. I don't think that this particular update targets the effectiveness of links pointing to your site, but rather the mobile friendliness of it. So it's more of an on-page SEO issue I think. Of course, I'm no expert on the subject but to answer you're question, no the juice passed is not affected.