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 2nd and morning of the 3rd. The waning gibbous moon will block out most of the faintest meteors this year. But if you are patient, you should still be able to catch a few good ones. Best viewing will be from a dark location after midnight. Meteors will radiate from the constellation Bootes, but can appear anywhere in the sky.