After disappointing defeats at Derby and then against Watford at the Riverside last weekend, the manager is keen to see the team to get their promotion push back on track.
"While we're disappointed at losing two league games, we are still two points off an automatic promotion place, so that's not a bad position to be in," he said.
"If we can get three points tonight we'll be sitting second in the league, waiting for other teams to go and perform."
The in-form Foxes have only lost twice at home in the league this season and have the same opportunity as Boro to move up to second place ahead of the main weekend fixture programme.
Mowbray said: "Leicester have foreign owners and a bit of investment, they've spent a couple of million here and there and built a decent team.
"They've scored more goals than anyone at home this year. Chris Wood is on form, he seems to score at least two every time he goes on the pitch at the moment.
"David Nugent is always a problem for teams in this league and can always score a goal so, that's a big test for our defenders to try and keep them out.
"They're the top scorers at home in the league this year and they've scored ten in the last two games.
"In the home game against them we saw their athleticism and strength. They're a powerful team and we have to be ready to match that. We'll try and pick a team that can do just that and give them problems."
Finding a formula that enables the team to be more difficult to beat away from home is high on Mowbray's current list of priorities.
"We have been trying to find a balance and the chemistry in the team that can give us that balance," he said.
"We have to be more resolute. We've lost too many away goals, resulting in losing games away from home despite having some good performances, so we need to find the answers for that.
"I would have to say that it partly is the lack of consistency of selection. Of course, when Woody's fit he's a massive strength for us.
"But it's not all about the defence - it's about the midfielders and strikers all working hard and playing their part and getting the balance in front of the back four as well.
"Let's see what we've got available and if we can find team that can go away from home, give a solid performance and hopefully come back with some points.
"It will be a tough game in a good environment, a good stadium to go and play football in against a good team who are on a high. It'll be a good challenge for us to see how far off we are and what we have to do.
"Leicester are on the same points as us so they've had a similar sort of season. Is it a good season or a bad season for them? I don't know.
"Their expectation is probably to get promoted this year as ours is, so I'm pretty sure it'll be a good game. Let's hope we can come out on top."
Meanwhile, as the halfway point in January passes by, Mowbray says the Transfer Window is panning out pretty much as he expected it to.
"I've said right from the start I don't expect a great deal of activity," he said. "I don't want to raise people's expectations of loads of players coming in or going out.
"We built a squad in the summer that has been relatively successful for us. We're two points away from the automatic promotion spots after 27 games so we're doing okay.
"If you can add better quality, a player that can help your team, and it's within the structure and budget you've got, then it's your responsibility to do that.
"And yet while we spend a lot of time looking and trying to find the right players, it all has to fit in to what the club is doing and where we need strengthening.
"I'm not sitting here waiting on a phone call to sign a footballer, but we're always looking and you never know when something might drop in your lap."
Mowbray revealed that Midfielder Ryan Brobbel, 19, and defender Paul Weldon, 21, are going to train with Portsmouth for a few days with a view to joining the npower League One club on loan.