The Quadrantids is an above average shower, with up to 40 meteors per hour at its peak. It is thought to be produced by dust grains left behind by an extinct comet known as 2003 EH1, which was discovered in 2003. The shower runs annually from January 1-5. It peaks this year on the night of the 3rd and morning of the 4th. This year the nearly full moon will block out most of the fainter meteors. But if you are patient, you may still be able to catch a few good ones.
Quadrantids are also known for their bright fireball meteors. Fireballs are larger explosions of light and color that can persist longer than an average meteor streak. This is due to the fact that fireballs originate from larger particles of material.
Best viewing will be from a dark location after midnight. Meteors will radiate from the constellation Bootes but can appear anywhere in the sky.